UMC united minerals corporation nl
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  1. UboatCaptain
    26 Posts.
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    26/05/08
    10:43
    Post #: 3765309
    I disagree. The 'JV' with Norsk Hydro sees UMC own 25% of the bauxite assets. Expect NH to fully fund the project in the future.
    I'd take this news at face value and suggest it's an investment in the FeO2 assets. A 2 million tonne p.a. 'dig, truck/train and ship' strategy will cost about 30M in capital, maybe our new Arab mate will either underwrite or foot the bill when those funds are required.
    UMC Price at posting: 0.0¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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