Iron Ore

Cardero Resource drills through the sand and dune cover at its Pampa de Pongo iron deposit, in southern Peru. The company has been offered US$200 million for the project by Nanjinzhao Group, a private enterprise from China.

Cardero offered US$200M for Pampa de Pongo

Vancouver — In the midst of a flurry of questions about slowing Chinese metal consumption, Cardero Resource (CDU-T, CDY-x) saw its share price jump almost 30% on news that a Chinese group wants to bu…













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