Unique Stock Exchange Trading Ideas
Cnythia Carol the CEO of Anglo is taking a stronger line with the South African government and has told them there will be no expansion in production unless they make available another 10% above the capacity that was normal before last years cuts,on a permanent basis. Last year all mines were told to cut their electricity usage by 10% causing a great loss of revenue as no expansion could take place.
On another subject note that the FTSE index and the South African ALSI index follow an almost identical course ,with minor divergances only.
Mini Update 2March
The price of IRON ORE is expected to almost double during the next 18 months and this demand is expected in EUROPE and THE AMERICAS . CHINESE DEMAND IS ALSO LIKELY TO INCREASE BUT AT A SLOWER PACE.
I hope Kumba knows what its doing when it breaks the contract to supply Mittal how ever unfair it might be.This issue should be fought in the courts. Imagine what a place the world would be if we were all able to break any contracts we don't like!
Followers can use their blog to e-mail us direct and then we shall reply,just say wether the blog is for Naomi or Barry or e-mail us direct on bvbgerard46@gmail.com
Go to http://www.sashares2010.blogspot.com/ for the March update important updates on platinum group metals.
Monday, February 22, 2010
Subscribe to:
Posts (Atom)
