GREY:AXXDF - Post by User
Post by
sqquishyon Dec 30, 2011 12:48pm
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Post# 19360030
Dalton Helps Sell Alderon Iron Ore
Dalton Helps Sell Alderon Iron Ore
https://www.vocm.com/newsarticle.asp?mn=2&id=19715&latest=1
One of the province's best known mining executives predicts more business deals with China in the coming years. Brian Dalton, President of Altius Minerals in St. John's, has spent four of the past fourteen months in China looking at opportunities for iron ore developments. Dalton says in China you would never know there are world economic problems as you don't see it or feel it when you are there. He believes China's and Newfoundland and Labrador's futures are intertwined and he sees numerous opportunities in the coming years. Dalton says the biggest growth of new mining companies in the world are from China and they are looking to invest internationally, especially in places like Newfoundland and Labrador, which has an abundance of mineral wealth. Altius, and its joint venture partners, will be spending close to $40-million next year on exploration, almost double what they spent this year. Altius has $185-million in the bank for investment opportunities.