HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: Re: You Think The Chinese Are Going To Open The Vault For Us?

And why not?

This old news but african mines are not good and china works well with canada. China won't get much raw material but investing in the entire production of chrome here can be good for them to, especialy if they own the mine and smelter. I bet G of Ontario would let them take some raw if they did half the processing in canada and half in china. Some deal would be worked out as its been done before in other commodities.

China was building more ferrochrome smelters, but the country did not have enough chromite ore reserves to satisfy demand.

In 2003-04, Chinese imports of chromite ore rose 20% to 2.1-million tonnes from 1.7-million, which increased the output of Chinese ferroalloy producers and their market share.

Reduced local supplies of chromite ore could affect future investment in ferrochrome smelters in South Africa and the trend was appearing at the same time as an increase in foreign interest in South Africa's mining assets.

"If such a situation should continue, it would undermine the world dominance of ferrochrome markets currently enjoyed by South African producers," Kweyama said.

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