Headlines

Metal Investment News – WAI Iron Ore Drills Wondima Target

May 10th, 2012Headlines

The International Monetary Fund (IMF) recently announced that democratic reforms in the West African country of Guinea make it a candidate for debt relief. Last week the Paris club of creditor governments agreed to provide $344 million in debt relief to Guinea, including more than $151 million in debt cancellation…

Issue 08 West African Iron Ore – Project Update

May 5th, 2012Headlines

The Iron Ore sector continues to be a major story for 2012. The amount of cash pouring in for mergers, acquisitions and development projects is in the billions. West Africa is the place to be for exploration and infrastructure spending. West African Iron Ore whose prospects look good just a few months ago, are now looking exceptionally prospective due to a new discovery area which I believe is a proverbial “company maker.”…

Growth Stocks Investor – Major’s Interest in WAI

May 5th, 2012Headlines

Billed “the world’s biggest mining takeover” Glencore International Plc recently agreed to buy Xstrata to create a business with $209 billion in annual sales. In explaining the strategy, Glencore CEO Ivan Glasenberg stated that the company was specifically looking for investments in iron ore….

Metal Investment News – Transportation Advantage Goes to WAI

February 28th, 2012Headlines

At $140 a tonne, iron ore is half the price of bulk potatoes by weight, 60 x cheaper than copper, 7,000 x cheaper than silver and 400,000 x cheaper than gold. Moving millions of tonnes of ore is expensive. Not surprisingly, the economics of an iron ore project will often hinge on the cost of transportation…

West African Iron Ore Resource Opportunities (Dec 2011)

January 19th, 2012Headlines

WAI is exploring two large iron ore concessions in Guinea, West Africa. Other companies, including one of the majors, are developing iron mines in Guinea. WAI will benefit from the infrastructure developed for those mines….

Metal Investment News – African Explorer Confirms High-Grade Iron Ore Deposit

November 30th, 2011Headlines

Iron ore prices have surged 24% in November to $147.40 per metric ton. Despite fears of a “hard landing” in China, Morgan Stanley estimates Chinese infrastructure spending for 2012 to be around $1 trillion. By 2017 it will be $1.8 trillion – an 80% increase…