RE: RE: RE: RE: RE: Credit Suisse -- LIM should buMINES AND MONEY: Anglesey, major trader in talks on 2012 LIM iron ore offtake
December 06, 2011 - 15:11 GMT Location: London
KEYWORDS:iron ore , Anglesey , Labrador , LIM , offtake , Canada , Metal Bulletin
Anglesey Mining is in talks with a major trading company about the iron ore produced by its Labrador Iron Mines (LIM) operations from 2012 and beyond, chief executive Bill Hooley told Metal Bulletin on the sidelines of the Mines and Money 2012 conference in London on December 6.
The company owns 33% of LIM, which has operations in Canada. “We are in talks with a major trading house with a focus on Europe for our 2012 LIM offtake,” Hooley said. “Europe is the logical market for us.” Hooley said that if LIM could not...
Sorry don't have a subscription for the service. I agree with you James, however it does seem like a waste to get the ore from roughly the same area and ship it to roughly the same area at double the cost doesn't it ? Should be interesting to see how this plays out.