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Regardless of the current conditions we have seen so much activity with Iron Ore miners esp in Africa I really do not see why on earth we are sweating here.Jindal wanted Marampa FACT.Rio just decided to plough ahead with the guinea operation, again in the multi billions for a Greenfield project.Glasenberg has stated only a few months ago that at the right price he will be looking at all mines for sale.In the link below Vale state that by 2016 they intend to invest 12 billion into African mines.Shandong are trying to turn us over but the point is that they want the mine.
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