ANS austsino resources group limited

Ann: Company Update, page-40

  1. 13,400 Posts.
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    Vale have lost the disaster mine capacity, about 40M tonnes p.a.  The Brasil courts  have also shut down another mine in the same county (state?) with a similar dam, capacity about 30M tonnes. Vale are appealing this court decision, should be handed down one way or the other  in a week maybe....There could be other mines in other areas of Brasil with similar dam structures. Maybe more shutdowns.

    Looks like going to be a shortage of iron ore....BRING IT ON Will help to get investors excited
 
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