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Gold/Mining/Energy : The Metals Thread -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (88)	3/24/2007 10:45:00 AM
From: LoneClone	Read Replies (1) \| Respond to of 252

Alcan continues to vociferously deny any interest in being taken over, FWIW. More importantly, the sweetheart deal they have with the British Columbia government for ridiculously cheap power for their Kitimat refinery would be in jeopardy if they were taken over by a foreign company. LC

To: elmatador who wrote (88)	3/25/2007 1:17:43 AM
From: Taikun	Respond to of 252

Elmat, Yes, I heard that from the CEO of NAV.V as well. NAV.V is a bauxite property in Guinea, surrounded by ops by Alcan, RTP, RIO, BHP. So how does a junior get such a juicy piece of real estate? Seems these African nations have figured out that these majors that sit on leases, not drilling, and locking out juniors, don't put food on the table of their people, don't create jobs, and actually increase instability, putting the livelihood of these rulers at risk. Bauxite, used to make aluminum, in so far as Aluminum is seen as a strategic metal (only occurs in a few other places outside Guinea), is on the watch list of these majors and of developed nations. Guinea seems to have 25% of global resource base of 34bn tonnes. en.wikipedia.org Its interesting that Guinea still manufactures no aluminum, shipping bauxite offshore to be processed, but a new manufacturing facility, using locally generated hydro, is in the works. Cheers, D