Tenke Mining and its Congo assets at Tenke Fungurume at the spotlight in the Biggest Mining Acquisition.

Freeport-McMoRan's Acquisition of Phelps Dodge Creates Largest Publicly Traded Copper Company

http://biz.yahoo.com/ap/061120/freeport_phelps_dodge.html?.v=8

"Phelps Dodge has operations throughout the world, and is working on an $850 million expansion of its Cerro Verde mine in Peru. It also is building a $550 million copper mine near Safford, Ariz., and planning a $650 million copper mine at Tenke Fungurume in the Democratic Republic of the Congo."

I hope that bidding war for the TNK.to will start after CAD50.0.

With all majors struggling and fighting for additional reserve base Tenke with CU 3% sounds very good to me. For the best value to shareholders I would expect spin off all their NON Congo properties in Tenke Exploration Co as in-kind dividend like Capstone (CS.to) did this year, management should know it is not valued at all in the price of TNK.to.