13
May
06:54
Citic profits from Sino iron mine
The troubled Sino Iron Ore project in Western Australia has finally earned its first profit, Kallanish notes. This was due to strong iron ore prices in 2019.
According to project owner Citic, its Resources and Energy Division saw profit rise by 43% year-on-year to $389 million in 2019, mainly because of the maiden profit at the Sino Iron Ore project. Last year, mine accidents at Vale's mines in Brazil and cyclones in Australia led to t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous