Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Savannah hails ‘awesome’ Rio Tinto joint venture

By Robert Tyerman

23 June 2015 01:21

More:

Shares in hitherto unloved Savannah Resources (SAV) have bounced strongly now that the AIM-quoted minnow has clinched a mineral sands joint venture with mining giant Rio Tinto in Mozambique. If all goes well, David Archer, Savannah’s chief executive officer, suggests the combined project could eventually be producing ilmenite at the rate of more than 600,000 tonnes a year for a decade at least.

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Comments

wildrides

23 June 2015, 02:21

Correct me if I am wrong but isnt that “ iLL Ma Night” the stuff that nobody wants any more due to oversupply. Kenmare mine it dont they ( badly )
Tom Winnifrith

23 June 2015, 02:39

Wildes

That seems like a fair summary.You neglected to mention how the slowdown in the Chinese bubble economy will only add to the macro woes of the sector.

T
wildrides

23 June 2015, 03:06

Ah ………. that explains the venture …………..Tinto want someone they can blame it on when / if it all goes “tits up” .
“oh its that Savy…. nnah lot , they cocked it up getting it out of the hole too expensively …… oh yes they did” nothing to do with Tinto …… nothing to see here , move along now.
J P Spaghetti

23 June 2015, 03:47

But let’s not forget the use of titanium dioxide in sweeties – just need to get the Chinese hooked on Smarties (yummy, and it’s not like it’s opium – wouldn’t want to start a war)!

And in case you think I’m being absurd, I paste the link below to an article in the New York Post only last month titled “Chinese students paid smarties to take SATs for them, feds say” (“Smarties”, though, not “smarties” – Americans!).

http://nypost.com/2015/05/28/chinese-students-paid-smarties-to-take-sats-for-them-feds-say/