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)

Free
Message: Importance of stray core
Reply New Message
Prev Message Back To Forum Threaded View Next Message

Xstrata exists under Glencore who bought them. What's in a name.

That’s like saying Inco is the same as Vale or Amoco is the same as BP. There is almost no senior management left from Xstrata after the takeover. I am not saying it is impossible I am just suggesting the odds are drastically lower now that Glencore has taken Xstrata over.

"We are afraid of Greenfield" projects, Ivan Glasenberg said in an analyst conference call. "We will try to avoid them as long as possible; I'm not saying forever," he added, but he said the company foresees more attractive returns from brownfield expansions and mergers and acquisitions than investment in greenfield projects

http://online.wsj.com/article/BT-CO-20130305-705265.html

4 Recommendations
Reply New Message
Prev Message Back To Forum Threaded View Next Message
Share
Share
New Message
Please login to post a reply