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IRON ORE OUTPERFORMS GOLD
With rumours of a looming global recession, metal prices have been battered in the last 30 days. Although China has tightened credit to cool inflation, Chinese demand for steel remains robust and iron...
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African Explorer Confirms High Grade Iron Ore Deposit
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...
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WEST AFRICAN IRON ORE ON THE RISE
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...
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Endeavour’s Youga Life of Mine Increases 80%
When Adamus Resources merged with Endeavour Mining Corp (EDV-TSX; EVR-ASX) on December 19, 2011 they became a $600 million gold mining company focussed on West Africa. On January 30, 2012 EDV announced...
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Transportation Advantage Goes To West African Iron Ore
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...
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West African Iron Ore Drills New Target
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...
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EDV Finds More Gold at Youga Mine in West Africa
West Africa’s 2011 gold production was about 7 million ounces, accounting for 8% of the global supply. 2015 production is estimated at 11 million ounces. Endeavour Mining (EDV-TSX.V) (EVE-ASX)...
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West African Iron Ore Drills Wondima Target
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...
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