Crusader partners to boost Brazil iron plans Tuesday, 15 July 2008 -- MINING NEWS --
A SOUTH American subsidiary of Crusader Holdings has teamed up with a Canadian explorer to fuel its iron ore production plans.
Crusader do Brasil, a wholly-owned subsidiary of Crusader Holdings, has entered a strategic alliance with Toronto-listed G4G Resources aimed at securing access to Brazilian iron ore fines to be used as feedstock in iron ore production plants.
G4G announced a similar iron ore sourcing agreement with Iron Mineral Beneficiation Services earlier this month.
“The main focus of G4G and Crusader is to source iron ore fines as feedstock for iron production plants which will be built and operated under joint ventures with our technology partners,” G4G Resources chief operating officer Peter Arendt said.
Crusader said it aimed to strengthen its Brazilian footprint, capitalising on leading technologies to further its mineral assets.
Crusader is developing mineral projects in Brazil, including its Posse iron project in the sate of Minas Gerais.
Shares in Crusader Holdings were unchanged at 80c.
CAS Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
