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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Haim R. Branisteanu who wrote (71735)12/15/2009 2:01:57 PM
From: Snowshoe  Read Replies (1) of 74559
 
Per Bloomberg it's a typical low-grade Chinese deposit...

China Finds 1 Billion Ton Iron Ore Deposit in Hebei Province
bloomberg.com

The Macheng deposit, located in Luannan, Tangshan city, has material with iron content of 35 percent on average...

Mines in China have iron content of 20 percent to 40 percent, compared with more than 60 percent for production by Vale, Rio Tinto and BHP at their projects in Brazil and Australia.
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