08
Sep
01:00
Iron ore price slump takes first Australian casualty
Australian iron ore new-comer, Western Desert Resources and its subsidiary WDR Iron Ore have lost their struggle against the declining price of iron ore, after administrators for the company were appointed on 5 September 2014.
The company, based in the Northern Territory, shipped its first iron ore in January 2014 from its 100%-owned Roper Bar Iron Ore Project, located in the Gulf Country. The project had taken since 2008 to develop. Local observers suggest th…
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Anonymous
Very good overview of the weekly steel market.
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