Not sure if this has been posted, grabbed it from the CFE forum.
Market Wrap - Street Talk M&A rumours surround red metal strugglers Edited by Sarah Thompson and Anthony Macdonald 364 words 8 March 2013 The Australian Financial Review AFNR First 14 English Copyright 2013. Fairfax Media Management Pty Limited.
. . . . Elsewhere in mining, Queensland-based minnow Charter Pacific has received interest in its Mauritanian iron ore project from parties out of India and Australia. Pilbara iron ore producer Atlas Iron is understood to be one of the groups which has enquired about the project, which neighbours Xstrata's Mauritanian iron ore assets.
Last September Charter upgraded its potential exploration target from 2.6 billion tonnes to 4.4 billion tonnes with concentrate grade up to 70.43 per cent Fe and mass recoveries of up to 56.1 per cent and high grade banded iron formation sampled above 40 per cent Fe.
AGO Price at posting:
$1.24 Sentiment: None Disclosure: Not Held
