Australia Faces Iron Ore Price and Production Woes
As China begins to look elsewhere for higher grade iron ore, Australia may lose its influence over the iron ore price and the market itself.
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As China begins to look elsewhere for higher grade iron ore, Australia may lose its influence over the iron ore price and the market itself.
Australia's iron ore industry faces a major challenge due to the changing global demand for "purer" high-grade ore, posing a risk to its position as the largest iron ore exporter.
Arrow Minerals has secured 100 per cent ownership of the Simandou North Iron project in Guinea, after acquiring a remaining 66.7 per cent stake in Amalgamated Minerals.
Arrow Minerals has concluded the acquisition of the remaining 66.7% stake in Amalgamated Minerals, which holds the Simandou North Iron Project.
Arrow Minerals Limited (ASX:AMD) is pleased and particularly encouraged to advise it has intersected hematite mineralisation in the oxidised profile of all of its first 4 holes drilled at its Simandou North Iron Project.