Agoracom: Small Cap Investment - Noront Resources - Re: "Vale Sees Stable Iron Ore Sales to China" - Mineweb

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Re: "Vale Sees Stable Iron Ore Sales to China" - Mineweb - Significance for NOT

in response to

"Vale Sees Stable Iron Ore Sales to China" - Mineweb - Significance for NOT

rodg45

posted on Mar 17, 2009 06:16AM

Yes Rog you are so correct.

CVRD and Xstrata will not allow Cliffs Greene to buy up the Rof without a fight.

Both have operations in Sudbury so they have ready access to infrastructure, utilities, labour, mining supply companies etc.

They also know that the Chineese have been sniffing around and will NOT be anxious to have the Chineese beat them out for these resources.

Yes commodity prices are currently depressed. However all the majors know that if they wait until the economy recovers, it will be too late to buy up the Rof. Cliffs did not buy 20% of KWG because that was all they wanted in the Rof. It may only be a matter of days, not months, before the next aquisition is announced.