Noront Resources

High-grade Ni-Cu-Pt-Pd-Au-Ag-Rh-Cr-V discoveries in the "Ring of Fire" NI 43-101 Update (March 2011): 11.0 Mt @ 1.78% Ni, 0.98% Cu, 0.99 gpt Pt and 3.41 gpt Pd and 0.20 gpt Au (M&I) / 9.0 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inf.)

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China"s spending plan lifts London miners

Noront Resources

almost 16 years ago

Londen equities made gains on monday, helped by an energetic showing on Asian mkts after China announced a usd 586 bn infrastructure spending programme.

The announcement helped Asian steel companies and heavy machinery makers and boosted resource stocks in London.

Kazakhmys up 9.5% and XSTRATA 10% higher lead miners higher on hopes demand for iron ore would be lifted by the Chinese gvmt investment plans.

Commodities prices also rose sharply on hopes for increase demand and the usd fell against the Euro as investers appetite for risk returned.

Copper surged 8%,Nickel more than 10% and zinc and lead around 6% each following the news,clawing back a little of the substantial ground they have lost in recent months.

Patience my friends,it will come back to us.

Greetings,

Inca.