IT seems that Lakshmi Mittal is serious about investing in Indonesia. The puzzle over the amount of shares that he wants if he does invest is starting to get complicated. Through an official letter to President Yudhoyono, the CEO of ArcelorMittal has offered three corporate actions.

One of these is quite clear: he wants to become a strategic investor in the state-owned steel company Krakatau Steel. Lakshmi, in a letter dated 17 April, stated his i