Category Archives: By Benjamin
Basic rule of law needed in Russia
An investment gets trapped in Kremlin’s vise Very scary article on Russia. As resource prices go up, expect more and more to be taken back by the locals. Russia is ahead of the curve, but just you all wait, others … Continue reading
Filed under By Benjamin, Misc
More CSN (and the bidders are unknown)
Reuters India: Russians, Japanese vie for CSN unit Ok, well, not unknown, but we are not certain who they are. There are a couple separate lists provided by different people, so I tend to not trust them. The valuation numbers … Continue reading
Filed under By Benjamin, CSN, Mining
Feeling the pain of inflation across the globe
At some point, inflation is going to hurt everyone, but it hurts people differently. This is because inflation is in essence measured alongside a basket of goods and services. From country to country, people spend different proportions of their income … Continue reading
Filed under By Benjamin
Cliffs continues to surprise
Cleveland-Cliffs and Alpha Natural Resources to merge, creating Cliffs Natural Resources, a leading diversified mining and natural resources company Now, finally, Cliffs is out spending its seed corn. The question is, will it get returns from it? What has protected … Continue reading
Filed under Anglo, By Benjamin, Cliffs, Xstrata
Chinese sell out of U.S. project to Cliffs
PR-Insider.com: Cleveland-Cliffs updates 2008 iron ore revenue-per-ton guidance; provides commentary on 2009 North American iron ore pricing Reuters: Cleveland-Cliffs buys out minority holder in Minnesota What is 30% of 5.2 million tonnes of U.S. pellet production worth? Apparently a whole … Continue reading
Filed under By Benjamin, Cliffs, Iron Ore, Mining
From my day job
Advanced Explorations Inc. to earn up to 70% interest in Roche Bay Project
Filed under Advanced Explorations Inc., By Benjamin, Roche Bay
Sinosteel almost gets Midwest
Sinosteel gets control, but likely to have company at Midwest Okay, they have more than 50%, but they are probably not going to get 100%, and that sort of makes their life hard. They are going to be stuck in … Continue reading
Filed under By Benjamin, Iron Ore, Midwest, Sinosteel
