IRON-ORE
Iron-ore miner Grange Resources and its joint venture (JV) partner SRT Australia on Friday announced the appointment of PCF Capital Group to assist with finding strategic investors for the Southdown magnetite project, near Wellstead, Western Australia. Gange CEO Honglin Zhao stated Southdown was becoming increasingly relevant as steel markets continued to demand premium iron-ore products. He added that, given its iron content, Southdown’s concentrate product would be one of the highest-grade in the seaborne market.
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