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Re: AMI Stream Log
14:42 13/02/2015
happygilmore
0 replies 0 0

I see many people in this steam wondering why BHP Vale or Rio don't get involved with this operation. The answer to this is simple, the ore body and assets are nowhere near good enough for any of these majors to be even slightly interested. It is a very low grade deposit with high levels of contaminants. This means there will always be significant benediction costs as a well as significant penalties from smelters for compensation for the contaminants. Simandou as a comparison is 55-60% grade with almost no contaminants and the reason why Rio are developing this resource is solely to prevent anyone else getting it as it has the size to affect global markets if developed correctly. For AML to be successful and to aal

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