Alien Metals Ltd announces positive results from the Development Study of its Hancock Iron Ore Project, confirming strong project economics and prospectivity in Western Australia. The study reveals key financial highlights and outlines further exploration plans for increased mineral resources.
President Luiz Inácio Lula da Silva Monday launched the New Industry Brazil (NIB) plan which promises to invest R$ 300 billion (US$ 60.12 bn) by 2026 in a move to boost the South American country s economy. The project laid out by the National Industrial Development Council (CNDI) aims to transform Brazil s industry into a more innovative, green, exporting, and productive sector, it was explained.
During the period under review, the company conducted an exploratory core drilling to 41,837 metres, 2.7 times higher than 15,460 metres in the same period last year. MOIL, under the Ministry of Steel, meets about 46 per cent of the total requirement of dioxide ore in the country. At present, the average annual production is around 1.3 million tonnes.