USA futures down, indicating a less than perfect environment for the LCY announcement.
.... however, in the past LCY has gone up during very negative days.
RIO chairman talk today underlined the strength of the Asian demand for iron ore & for us why the LCY iron ore mine will be an important contributor.
China, India, Vietnam, Indonesia & other countries will continue to drive the strong demand for iron ore.
LCY / NMDC can be a significant player. We'll soon see just how they propose to implement the development plans for Mt Bevan & the other tenements.
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