Reportedly, Goldman Sachs still sees values in Western African iron ore producers in spite of current low iron ore prices.
Goldman Sachs rates African Minerals a buy with a target price of 685 pence, London Mining is a buy with target prices of 335 pence and Bellzone is a buy with a target price of 35 pence.
It's known that the iron ore prices are at US$119/ton recently, the lowest level since this year.
However, the analysts at Goldman Sachs have still seen the iron ore prices to rise in late 2012 and into 2013 as they believed that the current weak demand won't last.