Commodity Investor Amine Bouchentouf: Iron Companies to Watch in 2012

Resource Investing reported Amine Bouchentouf’s recommendations of iron ore companies to watch in 2012 including Vale (NYSE:VALE) and Cuervo Resources (CNSX:FE,FWB:CRR).

As quoted in the market news:

One company I recommend monitoring closely is VALE (NYSE:VALE), the Brazilian mining giant which is the world’s leading producer of iron ore, the key material for steel. VALE exports a large amount of iron to China, and is thus a good indicator of Chinese industrial activity. The company’s shares were down 35 percent in 2011, in line with the global demand slowdown for base metals. If there is a rebound in Chinese demand, expect VALE to be one of the main beneficiaries; this is a company I’ll be watching carefully, especially if Chinese economic data shows signs of strength.

One company that can offer you Peruvian iron exposure is Cuervo Resources (CNSX:FE,FWB:CRR). Cuervo has been operating in Peru for several years and has active prospecting and drilling activity on over 25,000 hectares in the country. The company has a resource estimate indicating 56 million tonnes of iron that’s measured and indicated. While still not in production, investors looking to get exposure to Peru should take a look at this stock.

Click here to read the full Resources Investing report.