Giving the big guys a run for their money

摘要

Asset developer Cape Lambert Resources Ltd gave its shareholders another reason to smile during February with news that it had begun the process of selling its hefty Marampa iron ore play in the West African nation of Sierra Leone for around $500 million. The brownfields hematite project is certainly going to attract plenty of interest within an area that has already seen the likes of big guns Rio Tinto Ltd, BHP Billiton Ltd and Vale Ltd part ways with large sums of cash to secure their respective plots.