Question-and-Answer Session
Operator
(Operator Instructions). Your first question comes from the line of Michael Gambardella of JPMorgan.
Michael Gambardella – JPMorgan
Yes. Good morning. And congratulations on a good quarter, and especially good results on the cost side even at the site. Two questions, one, on the buyback of the bonds, which I also liked very much. Could we anticipate restoration of the dividend in the short-term?
Richard C. Adkerson
All right. That is something that we will be reviewing with the Board, and here is sort of the context we’ll be looking at that. We have some very attractive investment opportunities for capital in our projects. And we’ll be balancing the amount of cash that we have being generated. Potential opportunities that we might have with the further debt reductions, although the structure that debt will provide some limitations to that. And then we have additional incremental cash that would be available to look for potential restoration to the dividend. So it’s a combination all three of those factors, a lot of it depends on how the world unfolds right now, its China is setting records with their imports, it’s been supportive prices. And we certainly hope that the western world’s economies recover, if they do, we’re going to be in the position of generating a lot of cash and we will be able to probably execute on all three of those objectives.
Michael Gambardella – JPMorgan
And the second question is regards to Tenke. What are the chances of getting a rail connection for Tenke?
Richard C. Adkerson
Well. I think ultimately that will happen. The rail connection, while there will be some restoration of some rail connections elsewhere, the primary one we are looking to would be a railroad connecting to the Angolan railroad to give us access to the port in Angola. And for sometime now the Chinese have been working in Angola to restore that railroad, and there is some plans to upgrade the railroad within the Congo. That will be necessary for us to achieve the kinds of expansion opportunities that we have with this ore body, because we are looking at growing it to be a very high volumes and the rail connection will be a necessary element for that to occur.
Michael Gambardella – JPMorgan
That’s really the optionality on Tenke, the rail connection?
Richard C. Adkerson
The optionality comes from the ore body of course and?
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