26
Apr
12:37
Sinosteel signs Magnetite Mines MoU
China’s state-owned trading house Sinosteel Resources has signed a memorandum of understanding with Australian developer Magnetite Mines. The agreement could eventually lead to an offtake deal for Magnetite’s Mawson Iron Project, Kallanish notes.
The project in South Australia’s Braemar Iron Formation has around 81.4 million tonnes of confirmed reserves at 23.1% Fe, which would eventually be concentrated to 66%. Major Chinese mills have reporte…
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