Vale on the move into african railways and then the FT's usual...

Vale on the move into african railways and then the FT's usual sarcasism for Frank Timis.
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This transaction is an integrated part of Vale's strategy to build efficient logistics infrastructure to support the growth of its activities with high potential for value creation. In this context, as recently disclosed, we obtained the concession for a Ferrosur railway stretch in Argentina very important for the success of the Rio Colorado potash project and entered into contracts with the government of Liberia for the construction of an integrated railway port system for transporting the production of iron ore from Simandou in Guinea.

http://www.steelguru.com/raw_material_news/Vale_structures_logistics_to_support_its_operations_in_Africa/166693.html


Frank Timis and the binary bet.

Posted by Neil Hume on Sep 23

http://ftalphaville.ft.com/blog/2010/09/23/350576/frank-timis-and-the-binary-bet/