IRON-ORE
Iron-ore major Fortescue Metals has reported an increase in its iron-ore reserves, which includes a maiden magnetite ore reserve. Hematite reserves increased from the 2.37-billion tonnes reported in June 2014, to 2.4-billion tonnes as at June 30, this year, while hematite resources decreased slightly from 5.44-billion tonnes to 5.42-billion tonnes.
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