Posco may back away from $12 billion India project, page-4

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cabmerlo

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30/03/15

07:26

Post #: 15001955
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Originally posted by pikapika ↑

POSCO was interested in the Nkout and had signed a MOU with Afferro but lost the deal to WAFM (China backed?)

LONDON, Feb. 25, 2013 /CNW/ - Afferro Mining Inc. ("Afferro" or the "Company"), the exploration and development company focused on iron ore in Cameroon, is pleased to announce that it has signed a memorandum of understanding ("MOU") with POSCO Africa (Pty) Ltd. ("POSCO Africa"). Both parties have agreed to endeavor and cooperate in order to negotiate a definitive agreement in relation to Afferro's Nkout, Ntem and Akonolinga iron ore projects in Cameroon.
Highlights

POSCO Africa signs MOU with the intention of making a project level investment

POSCO Africa to cooperate to facilitate infrastructure and project development funding

Both parties working towards signing a definitive agreement during Q2 2013..........

http://www.newswire.ca/en/story/111...posco-for-development-of-projects-in-cameroon

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POSCO was said to be very interested in SDL back in 2010 - 2011. Which sent the SP northward.

They were rumoured to be willing to partner up with SDL.

About time Giulio and Wally brought POSCO back into the data room and get a deal done.

Ps. Does anyone know what, exactly we are paying Wally for?
SDL Price at posting: 2.2¢ Sentiment: Hold Disclosure: Held
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Posco may back away from $12 billion India project, page-4

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