RE: On track29 Oct 2018 09:02
For goodness sake Steven, one of the reasons HZM owns another mine, Vermelho, is because Vale were getting nowhere with licences, whilst HZM were. These things take time, likely to take less time now the country has a new leader, who loves mining. Vermelho is the mine with little value attached at the moment. At about the time the construction licence is granted for Araguia, I expect that to change. Two for not even the price of one at the moment, in my opinion.