The Rising Influence of Rising Affluence

[dewophile]

CLF

CLF still has another dubious JV: the Amapá iron-ore project in Brazil, where CLF’s equity stake is 30%. Perhaps CLF will see fit to unload this asset too

just by way of reminder there was talk anglo may sell their stake in the asset for about 1B back in december, valuing CLF's share at about 500M (although amapa swung to a loss last quarter and given macro changes since then i doubt there's a buyer willing to pay 1.5B for the mine)

http://uk.reuters.com/article/2011/12/19/uk-angloamerican-brazil-idUKTRE7BI12D20111219

also as you know CLF has a term sheet to sell their stake in cockatoo that should close this year