June 5, 2008
Ms. Karyn Keenan and Mr. Denis Tougas
c/o The Halifax Initiative
153 Chapel Street
Ottawa ON KIN 1H5

This refers to your letter of April 25 to Mr. Eric Siegel, President and Chief Executive Officer of Export Development Canada concerning the Tenke Fungurume project. We are pleased to have an opportunity to continue our dialogue with you including our earlier exchange of letters in 2007.

Thank you for your comments on this project. It is important for us to have the views of all stakeholders. We follow developments related to the project very closely. Should we proceed to provide support, we would do so only if we were fully compliant with EDC's policies and commitments.

I appreciate your interest and input on this project.

Yours sincerely,

Greg Radford
Chief CSR Advisor