Because they do not want to run into another ambush in the...

Because they do not want to run into another ambush in the jungle. It´s almost imperative that new projects with significant capex have to be underlined by a stake in the feedstock coal resource. In the US with high legal certainty the projects will be guided through the permitting labyrinth as fast as they can. It doesn´t make sense to sign a dozen new JV agreemtns while there is no module running at nameplate capacity. I doubt that a new JV agreement signed today would be in operation before the US projects. Either the white elderly and the indonesian primate get their ducks in a row out of court or shareholders have to wait another year until the 1st plant is running in South Africa or the US.