UMC united minerals corporation nl

did citi just buy more shares?, page-15

  1. 6,111 Posts.
    To put some salt into your wounds

    UMC perhaps gone FMS to make the bigtime perhaps..

    Mr Forrest told reporters that iron ore price negotiations for
    the contract year beginning April 1 were expected to be "going into
    a strong market".
    He also said the door was open for a possible joint venture in
    the Pilbara with Flinders Mines Ltd, whose main project neighboured
    Fortescue's Solomon iron ore project.
    This could be similar to the joint venture Fortescue and BC Iron
    Ltd entered into in August for the Nullagine project in the
    Pilbara.
    Under that deal, Fortescue secured a half stake in the project
    in return for the provision of rail haulage, port handling and
    ship-loading facilities.
    On Tuesday, a Fortescue spokesman downplayed reports the miner
    may seek to blend its coarse fines iron ore with the ultra-fine
    iron ore of Brazilian giant Vale to suit Chinese steel mills.
    "We're not involved in any talks (with Vale)," the spokesman
 
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Currently unlisted public company.

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