Analysist99,
Shougang Hierro Peru SAA is another magnatite mine on the Pacific Coast of Peru. It is owned by the Chinese Shougang company. I don't know the grade of the ore it mines nor how that compares with ADY's grades. Perhaps someone else knowa or can find the grades mined in Peru.
Their web site is :
http://translate.google.com.au/translate?hl=en&sl=es&u=http://www.shp.com.pe/&sa=X&oi=translate&resnum=1&ct=result&prev=/search%3Fq%3Dshougang%2Bhierro%2Bperu%26hl%3Den
A link to Google Finance shows that its mine in Peru operated quite profitably in 2006, 2007 and in the Sept 08 Quarter:
http://finance.google.com/finance?q=LIN:SHPC1
Regards
SP
Analysist99,Shougang Hierro Peru SAA is another magnatite mine...
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