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An expected slowdown in China’s uptake and a world that is increasingly moving toward “green” iron ore and steel will be two crucial drivers affecting the future of iron production
Street Talk understands the miner has its broker Euroz Hartleys circulating term sheets to investors with a heavy-hitting new board and management team.
Elias Scafidas will run the company’s push into the resource, spread across five continents, after working on copper joint ventures in Mongolia and Guinea.
The FTSE 100 ended the week up 25.12 points, or 0.33%, closing at 7,554.47 on Friday.
Rio Tinto has unveiled plans to spend $6.2 billion developing the world’s biggest untapped high-grade iron ore deposit in Guinea as it targets first production within two years.The FTSE 100