one trade pushed the price down , yet over the past few weeks...

one trade pushed the price down , yet over the past few weeks there has been a definite change in buyer interest.

"Cool on Africa

FORGET Africa rivalling the Pilbara in iron ore. It's not going to happen, says London-based Ocean Equities. The majority of projects in Africa (including the vast Simandou resource in Guinea) will not be developed due to lack of bulk commodity infrastructure, including ports and railways, the analysts say.

Of the three iron ore juniors they like, only one is Australian. The nod goes to Equatorial Resources (EQX) and its Mayoko-Moussondji project in Republic of Congo. Ocean says its forecast operating costs at $US41.43 a tonne make it extremely competitive by international standards. It will also be able to use a railway line soon to be upgraded by another miner.

In a separate report, however, Ocean's analysts have also begun to follow another Aussie, Kogi Iron (KFE), which has its project in Nigeria. The analysts are impressed by the appointment as MD of Iggy Tan, the man who ran lithium producer Galaxy Resources (GXY) until this year.

While Kogi works on getting access to a railway, it has an alternative plan to build a slurry pipeline to the Niger River, with barges to take the iron ore to a port on the coast.

Nigeria is desperate to get mining projects going to reduce dependence on oil exports, so the government should be on side."

- See more at: http://www.theaustralian.com.au/business/opinion/china-stocks-up-on-gold-as-price-tumbles/story-fnciihm9-1226719585633#sthash.3OxM9e1N.dpuf