For everyone following the development of iron ore junior Eagle Star Minerals (TSX-V: EGE and OTC: ELGSF), their CEO, Mr. Eran Friedlander was interviewed by Prospectingjournal.com recently and that interview was posted to the site on December 29, 2010. Eran recently returned from visiting the Company’s flagship Angico iron ore project in Piaui, Brazil and we are expecting results in the first part of 2011 from phase one of the exploration campaign.
We have included the interview below wherein Eran discusses the project as well as expected near term catalysts, and restates the Company’s mission – which is to develop a 1 billion tonne iron ore resource in Brazil.
ANALYSIS – ProspectingJournal.com – December 29, 2010 – VANCOUVER, BC – Over the next six years the world is going to become more and more familiar with Brazil and what it has to offer on a global stage. While billions of eyes are set on Brazil’s preparation for two of the world’s largest sporting events (FIFA World Cup 2014, Summer Olympics 2016), many in the investment community have been closely following the rapid and exciting development within Latin America as a whole. Built up on the successes of oil giant PetroBras [PBR – NYSE] and mining goliath Vale [VALE – NYSE], the Brazilian economy has been steadily opening up through better transparency, efficient government regulations and high-potential openings for smaller international companies looking for their piece of the Brazilian dream. One company that is seeking to harness this potential is Eagle Star Minerals [EGE – TSX.V], based out of Vancouver, Canada.
“Brazil is a very attractive country for junior resource companies to operate in. After all, the regime is very similar to what we encounter here in North America. Everything is well regulated by the government, with the National Department of Mineral Production (DNPM) (in the case of the mining industry) granting concessions and making sure that stakeholders fulfill their commitments”, says Eagle Star’s President and CEO, Eran Friedlander.
“The prolific mining and oil and gas sectors of Brazil were state-owned for many years, and only recently have been opened up to the rest of the world. The result has been the creation of many opportunities for finding large deposits in Brazil for junior public companies, like ours. This is a major benefit to companies like Eagle Star who are positioned to take advantage of the opportunities as they arise.”