13
Jun
12:03
Magnetite Mines targets $4 billion Australian ore project
Australia’s Magnetite Mines says it hopes to push ahead with plans to develop a magnetite deposit in New South Wales. It will need to attract $4 billion of investment at a time when iron ore has lost favour, however, Kallanish notes.
The Razorback iron ore project could eventually see a 60 million tonne/year mine developed with a mine life of 17 years, Magnetite Mines says. It expects mining costs to be very low due to an estimated strip ratio of…
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Anonymous
Very good overview of the weekly steel market.
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