It's a bit of both. There's definitely a problem with the act. I don't think the calculus of net benefit and the enforcement...there is probably too much space for the companies concerned to kind of wriggle out. More broadly speaking, in those mining takeovers you mentioned, as well as in the steel industry, which became totally foreign almost overnight, there was a failure to have an industrial policy that identified these strategic resources or these strategic assets and the need to have a policy to nurture and protect and develop those and to develop the value-added and high-technology spinoffs that would come from that. It is a failure both of the broad policy and of the specifics of the industry.
On March 3rd, 2011. See this statement in context.