Solid foundations. New horizons.

Free
Message: US Strategic minerals

Good afternoon everyone.

I have been reading this forum for a long time and recently I have noticed some discussion regarding the supply of chromium. According to a web site devoted to the Strategic Minerals in the US it says that chromium is one of these minerals and that South Africa and Zimbabwe contain 98% of the world's reserves of this mineral.

A we all know South Africa is not the safest or more stable country in the world, and their govenrment has been trying to force the major mining companies to transfer ownership of some of the mines to native South Africans. Also if memory serves me right there are some problems relating to electrical power in the country, which affects production. A few years ago I worked with a US geologist who had worked in SA and he was quite pleased to leave that country, he said that it was not safe for him and his familly.

A supply of chromium coming from the ROF, in a stable and secure such as Canada ,for use by US companies I am certain that we would have a long list of ready customers lined up for our product. I am sure that Cliffs has made this determination already and they want to secure this product for their customers. I believe that Cliffs will want to secure all deposits of chromium in the ROF and will eventually target any company that has a good deposit in the ROF. As we all know they have taken over FWR and SPQ and they will not stop there, PRB's deposit could be a target for them. Time will tell.

Go to the following web site to check this info:

http://www.emporia.edu/earthsci/amber/go336/natalie/newindex.htm

2
Aug 25, 2010 07:28AM
2
Aug 25, 2010 09:40AM
Share
New Message
Please login to post a reply