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    iron investing

    Beadell Looking for Iron Ore Partner

    Investing News Network
    Dec. 08, 2011 03:33PM PST
    Base Metals Investing

    Mining Weekly reported Beadell Resources (ASX:BDR) said it’s seeking a partner for its iron-ore resources at the Tucano project.

    Mining Weekly reported Beadell Resources (ASX:BDR) said it’s seeking a partner for its iron-ore resources at the Tucano project.

    As quoted in the market news:

    Following a strategic review of its iron-ore resources, Beadell has decided to remain a pure gold-focused company. However, the miner was reluctant to part from its iron-ore assets, stating that the envisaged strategic partner would undertake a scoping study whereby both parties would monetise significant value from the iron-ore resources.

    Click here to read the full Mining Weekly report.

    asx:bdriron investing
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