enquiry

I emailed CFR and got this response .....u decide...



Good-day, with Iron ore slowing down in India what is CFRs outlook on commodity mining.



Thank for your inquiry.
We are still negotiating with contacts in India over various projects involving iron ore, as well as other commodities.
While there appears to be a general slowing down of economic activity at a global level, the extent to which this slowdown will affect the growth rate of the domestic Indian economy remains uncertain.
We believe, however, there is a good chance that the Indian economy might outperform the rest of the world over the ensuing period, and that our current positioning as a 'western' company at the head of the negotiating queue for potentially valuable mining projects may yet provide some good opportunities.