Business
Marginal miners surf big iron’s $US11b investment wave – The Australian Financial Review
As Australia’s big three iron ore miners prepare to bring new mines into a strong price environment, nimble juniors have already restarted exports.
Iron ore from the Frances Creek mine, owned by NT Bullion, was also transported to Darwin Port this week awaiting its maiden shipment.
The big multinationals that missed Australia’s first iron ore boom, Anglo American and Glencore, are helping the new wave of marginal mines come to market.
Glencore became a minority investor in Nathan River this year and will provide marketing services, while Anglo will help market NT Bullion’s product.
With iron ore fetching $US137.08 per tonne on Friday, the label…
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