12
Mar
00:00
Roy Hill forges on undeterred by low iron ore price
Australia’s Roy Hill iron ore mining project expects to begin shipping iron ore in September this year and expects to hit 55 million tonnes/year well within two years after that, it says. The company’s chief executive says it would view any cost reduction as a failure as it intends to be ready to weather low iron ore prices from day one of production, Kallanish notes.
Although the company is talking about reaching 55m t/y of production within 30 …
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