05
Jan
19:00
Mount Gibson signs third Iron Hill offtake deal
Australian iron ore mining junior Mount Gibson has signed its third offtake agreement for production planned from its Iron Hill project in Western Australia. The deal was cut just before Christmas.
In a statement monitored by Kallanish the miner says that it has entered into an offtake agreement with SCIT Trading Limited, a distant relation of Chinese steelmaker Shougang. SCIT will take one quarter of the first year’s available annual production from …
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Very good overview of the weekly steel market.
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