Do you remember Noront's Marketing visit to London , Zurich Switzerland last March?

London is the HOME of Mick Davis. Zurich is HOME to Xstrata.

In the same month there was the Xstrata/Glencore merger start of events.

Then April 16, 2013 it's announced ...Mick Davis CEO of Xstrata is to leave.

Then Mick Davis forms X2. He raises 1.1 billion....so far

Money comes from Noble Group, and TPG capital. Each put in 500 million.

Both NOBLE GROUP AND TPG Capital....have ties to Baosteel

Biography of Dr. Weijian Shan

Weijian Shan is a Partner of TPG Capital, a leading U.S. based investment firm, since 1998. Mr. Shan has led a number of landmark transactions including the acquisition of Shenzhen Development Bank, Taishin Financial Holdings, and the acquisition the eventual sale of Korea First Bank which was once the largest nationwide bank in Korea.

Currently Mr. Shan serves on the boards of Shenzhen Development Bank, Bank of China Hong Kong, China Unicom, Lenovo, Taishin Financial Holdings and Taiwan Cement Corporation among others. Until recently he has been an independent director and chairman of Audit Committee of Baosteel.

Prior to TPG Capital, Mr Shan worked, between 1993 and 1998 at JP Morgan as a Managing Director, concurrently serving as its China Representative, Chief Representative for JP Morgan Beijing Office and Chief Representative for JP Morgan Shanghai Office.

Mr Shan was a professor at the Wharton School of the University of Pennsylvania for six years before joining JP Morgan.

Mr Shan worked as an investment officer at the World Bank in Washington D.C. in 1987.

Mr Shan received a Ph.D. and a Masters of Arts in economics from University of California at Berkeley, an MBA from University of San Francisco.

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The Link below shows you a lady currently at Baosteel that worked as a senior operation specialist at Noble group.

http://hk.linkedin.com/pub/ruby-chan/63/640/723

Current

• Business Manager Asst. at Baosteel Group Co.

• Senior Operation Specialist at Noble Groupor the link above you'll see Ruby chan

"Mr Davis was said to be frustrated with the bureaucracy and inaction of the Department of Mineral Resources during his tenure at the helm of Xstrata. It raises the question whether he will invest in South Africa or focus on places such as Canada and Australia and elsewhere in Africa"

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I'll tell you what I am speculating here:

Mick is going to be invested in Noront in some way. Merger of some sort.

Noront needs 600 million ...Mick has a billion.

Some ex-folks at Xstrata that Mick knew are at Cliveden Trading .

Mick made introductions.

These folks at Cliveden "also advise on commodity related financing schemes, off-take agreements, fixed price sales, loans and debt/equity raising

AND..

Not to forget ...the arrival of Mr Alan Coutts from Xstrata who is now our CEO.