Posted On: 09/01/2013 11:16:03 PM
Post# of 8059
Thanks-- I figured it would be -just wanted to make sure-
we do have perfect weather for iron mining -- a lot better weather than tropical Brazil, where rain stops iron shipping for 3 weeks at a time, and tropical Australia's cyclones and rain- where most of Australia's ore comes from- and Australia has that 30% export tax on iron and coal now.
So these things keep it interesting- would be nice if there was substantial demand by Mexico- though Mexico does import - and the USA.
Ordering from CWRN is no doubt part of Bao's motivation/plan to weaken the big 4's (Vale BHP Rio Fortescue) oligarchy- since China lost its odd buyers monopoly price fixing ca 2007-2008? in favor of the present open market,and the same reason China is buying up small and mid-level mines worldwide.
we do have perfect weather for iron mining -- a lot better weather than tropical Brazil, where rain stops iron shipping for 3 weeks at a time, and tropical Australia's cyclones and rain- where most of Australia's ore comes from- and Australia has that 30% export tax on iron and coal now.
So these things keep it interesting- would be nice if there was substantial demand by Mexico- though Mexico does import - and the USA.
Ordering from CWRN is no doubt part of Bao's motivation/plan to weaken the big 4's (Vale BHP Rio Fortescue) oligarchy- since China lost its odd buyers monopoly price fixing ca 2007-2008? in favor of the present open market,and the same reason China is buying up small and mid-level mines worldwide.
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