Following a strategy review, said July 14that it is taking a "conservative approach" in exploring its iron oreprojects in Gabon until prices of the steel ingredient recover to levels thatwould underpin a likely project development.

The company fully owns two Gabon iron ore projects,Belinga Sud andTchibanga.

Instead, the company will focus on a global search for goldassets and other projects that potentially contain "world class"deposits.