should matt make a call?

As a director of UMC would you believe it would be in the Co's best interest to contact the likes of Anglo American Plc?

With the artical below, to me it appears that Anglo American have advertised the fact they are looking and saying to the Australian IO Co's give us a call if you like.

Question is should UMC give them a call and talk turkey, or should they wait for someone to contact them.

IMO would not hurt to give them a call, Anglo American has even given them a name to contact.

- Anglo American Plc (nasdaq: AAUK - news - people ) is looking at possible iron ore joint ventures or acquisition opportunities in Australia, a senior company official said on Tuesday.
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"Nothing is imminent but we are looking at joint ventures and acquisition opportunities," Paul Caghill, head of group business development for Asia Pacific and Australasia for Anglo American, told Reuters.

Earlier this month, the mining giant said it sold its remaining 11.3 percent stake in South Africa's AngloGold (nyse: AU - news - people ) Ashanti for around $1.3 billion.

Speaking on the sidelines of the 5th Annual Asia Mining Congress 2009, Caghill said it was likely to be a very difficult year in the iron ore market, with conditions next year also tough.

"Right now there are very difficult price negotiations going on between consumers and producers which are likely to see a significant reduction in the price of iron ore compared to last year. "

"But in the long term we think it is a good business to be in, driven by the economic forces in China in particular and India to follow."