VAN 0.00% 4.7¢ vango mining limited

indonesia stops bauxite exports

  1. 319 Posts.
    lightbulb Created with Sketch. 18
    http://www.businessspectator.com.au/article/2014/1/14/resources-and-energy/ray-hope-abbotts-western-front

    "...the Indonesian government has followed through in recent days with its ban on ore exports that will hit nickel ore and bauxite exports to China in particular.

    Having supplied the Middle Kingdom with around 25 per cent of its bauxite, Indonesia will now force Chinese smelters, which in the space of a decade have gone from 10 to 50 per cent of the world’s smelting capacity, to find new seaborne bauxite supplies."

    Don't we have a stake in a large bauxite deposit in a country that borders China?
 
watchlist Created with Sketch. Add VAN (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.