China War with Pollution Boosts Anglo Iron ore prospect

Published: May 27, 2015 10:40

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Mineweb reported that China’s greener approach to making steel will boost the prospects for the iron ore produced at Minas-Rio iron ore mine.

Tuesday May 26, 2015, 10:01am PDT

Mineweb reported that China’s greener approach to making steel will boost the prospects for the iron ore produced at Minas-Rio iron ore mine, an ultra fine type of ore containing about 68 percent iron.

As quoted in the market news,

"The Minas-Rio iron-ore mine, the largest project in Anglo’s 98 years, is scheduled to reach output capacity pace by mid-2016. And while the start of operations coincides with a price rout of the steelmaking ingredient, the London-based miner is betting the higher quality of its product will help shield the venture from the malaise affecting the industry.

Click here for the full Mineweb report

Anglo China

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