Bluejay's Dundas may be attractive to Rio Tinto – analysts

The closure of Rio Tinto's South African subsidiary Richards Bay Minerals (RBM) as a result of violent protests this week, may play into the hand of London- and Frankfurt-listed Bluejay Mining, which is developing the Dundas ilmenite project, in Greenland. The project is said to be the highest-grade ilmenite asset in the world and the geographic location of Greenland – strategically located between North America and Europe – provides Dundas with a significant cost advantage over RBM, or other African, operations.