
GROUNDBREAKING FOR DANIELI HYBRID MIDA MINIMILL PROJECT AT PACIFIC STEEL GROUP
According to me-metals cited from mining.com, The world’s biggest miner produced 67.8 million tons of iron ore — the key ingredient for steel — compared with 68.1 million tons for the same period last year, it said in filings Thursday. Guidance for the year to June 30 was kept at 282 to 294 million tons.
The Melbourne-based miner is seeking to grow its portfolio of copper projects and enter the potash industry, which chief executive officer Mike Henry has dubbed “future facing commodities,” using revenue derived from its long-standing iron ore business. The latter still accounts for more than half of its earnings.
source: mining.com