Bodes well for pricewise for what's in the ground below Eagle's Nest

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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Bodes well for pricewise for what's in the ground below Eagle's Nest

posted on Jan 28, 2011 09:26AM

Vale reminds that as a result of coke high prices, companies are seeking alternatives to decrease production costs.
One of the alternatives is to utilize ore of better quality, like the one produced by Vale.

As a result is forecast price increase for this type of ore.

Vale predicts 20 year cycle of high prices. Hero is the emerging market consumer.

Vale investments this year will be US$ 24 billions, almost doubling 2010 US$ 12,9 billions.

SOURCE: O Estado de São Paulo, newspaper.

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