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.