Massive Black Horse Chromite Discovery

Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%

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Message: COMMODITIES - (+ FeCr News)

COMMODITIES - (+ FeCr News)

posted on Mar 27, 2009 04:01AM

CLOSING PRICES (SPOT)

Gold US$/troy ounce 935.17 -2.33

Silver US$/troy ounce 13.58 0.06

Copper US$/lb 1.84 0.06

Lead US$/lb 0.59 0.01

Zinc US$/lb 0.60 0.02

Nickel US$/lb 4.37 0.06

FeCr News:

Mar 25:

Eurasian Natural Resource Corp sees 2Q Contracts From $0.70/lb to $0.90/lb.

Mar 03:

Nippon and Sumikin Stainless Steel Co (NSSC) has agreed with its ferro-chrome suppliers to set the current quarter price at a nominal $0.87 per lb. Japan's largest stainless producer will use this as a benchmark in its second quarter contract price negotiations.

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