Hope this is tongue and cheek. Glencore and Vale vended bits and...

Hope this is tongue and cheek. Glencore and Vale vended bits and pieces into AVB, they are not going to come back for a second look at their scraps. Plus Brazil is a difficult place to do business based on AVB snail pace progress since IPO. Read RIO, BHP and Glencore corporate speak, bullish oncopper yet the umbrella is firmly in the up fixed position, no capex spend and talk of discipline. There will be no takeovers or surprises from this lot.

SFR, OZL, MIN and S32 have chosen the right time to come out swinging (a little) for add on aquistions and building new mines. OZL should also tap the debt market before the copper market starts to heat up increasing competion and prices for construction. AVB should be swallowed pretty quickly.