And while we’re on the subject of China we should relay that Citic Pacific Ltd, which is an arm of China’s largest state-owned company, is set to spend more on magnetite iron ore projects in Australia. Magnetite is a lower grade ore than the hematite ores that BHP and Rio have all but locked up in the Pilbara.
November 26th, 2009 | Dan Denning | 2 comments | ContinuedAll Posts Tagged With: "Capital & Crisis"
Whiff of Economic Recovery Sends Prices of Industrial Metals Soaring
“During the next few decades,” he says, “we will encounter serious problems mining many important metal minerals at the desired extraction rates. Amongst them are all precious metals…
November 25th, 2009 | Chris Mayer | 0 comments | Continued
The Growing Pile of Cash On Corporate Balance Sheets
“Cash is the financial equivalent of a big, soft pillow,” Chris continues. “It helps you sleep better at night. After the credit crisis turned small balance sheet leaks into lethal holes…
November 4th, 2009 | Eric J. Fry | 0 comments | Continued
