West African Iron Ore Drills Wondima Target
May 9, 2012 by metalinvestmentnews · Leave a Comment
The International Monetary Fund (IMF) recently announced that democratic reforms in the West African country of Guinea make it a candidate for debt relief. Last week the Paris club of creditor governments agreed to provide $344 million in debt relief to Guinea, including more than $151 million in debt cancellation. After years of military leadership, [...]
West African Iron Ore Drills New Target
March 28, 2012 by metalinvestmentnews · Leave a Comment
A recent Fundamental Research report on West African Iron Ore (WAI-TSX.V) stated: “a visit was made to the newly identified Wondima target”. Directly beneath this was a photograph of an NITON XRF – a compact instrument that looks like pregnant tripod. The NITON XRF has become an important exploration field analysis tool. Used extensively by [...]
Transportation Advantage Goes To West African Iron Ore
February 29, 2012 by metalinvestmentnews · Leave a Comment
At $140 a tonne, iron ore is half the price of bulk potatoes by weight, 60 x cheaper than copper, 7,000 x cheaper than silver and 400,000 x cheaper than gold. Moving millions of tonnes of ore is expensive. Not surprisingly, the economics of an iron ore project will often hinge on the cost of [...]
WEST AFRICAN IRON ORE ON THE RISE
January 30, 2012 by metalinvestmentnews · Leave a Comment
Prices of iron ore forward swaps advanced to $146 this week as investors anticipate Chinese steel mills replenishing stockpiles after the Lunar New Year break. The markets are pricing in a China restocking boom. Morgan Stanley estimates Chinese infrastructure spending for 2012 to be around $1 trillion. By 2017 it will be $1.8 trillion – [...]
African Explorer Confirms High Grade Iron Ore Deposit
November 28, 2011 by metalinvestmentnews · Leave a Comment
Iron ore prices have surged 24% in November to $147.40 per metric ton. Despite fears of a “hard landing” in China, Morgan Stanley estimates Chinese infrastructure spending for 2012 to be around $1 trillion. By 2017 it will be $1.8 trillion – an 80% increase. China’s domestic iron ore deposits are famously low grade. It [...]