08
Jul
12:23
Magnetite Mines, JFE sign agreement for Razorback project
Magnetite Mines and JFE Shoji Corporation's Australian subsidiary, JFE Shoji Australia Pty. Ltd., have signed a non-binding Heads of Agreement for the Razorback Iron Ore Project.
According to the agreement, JFE will provide funding towards the completion of the Razorback Iron Ore Project Definitive Feasibility Study (DFS). In return, JFE will receive "DR (Direct Reduction)-grade" magnetite concentrate production offtake rights for up to 10%…
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