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)
Message: Tshingshan-Africa
I guess if you want to stop the competitive pressure this new "proposed" stainless plant would entail...you'd have to lock up .."stable supply of major steelmaking raw materials, such as iron ore, nickel ore, and coal. "
funny how (chrome is not mentioned since you can't make stainless without it). Wouldn't you need a stable supply of chrome....too?
this article came out in may of this year.
China's Tsingshan Holding Group plans to build stainless steel plant in Africa
Tsingshan Holding Group, the largest stainless steel producer in China, planned to invest a stainless steel plant in Zimbabwe. The new plant will have an annual production capacity of 1 million tons, and the total investment was expected to reach US$10 billion.
It was said that the plant will start the construction in phases if it could ensure a stable supply of major steelmaking raw materials, such as iron ore, nickel ore, and coal.
The investment was highly forecasted to bring a great amount of competitive pressure to the stainless steel rolling mills from other countries.
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