Business
Mothballed NT iron ore mines reopen amid soaring demand for steel in China – ABC News
Two mothballed mines in the NT have restarted operations in the past few months as record Chinese steel production drives high prices, but the revival comes amid…
Northern Territory iron ore miners are making a comeback as Chinese demand for steel soars and prices sit at a seven-year high.
Key points:
- Two mothballed mines in the NT have reopened amid 7-year high prices
- The reopening of Roper Bar mine, 600 kilometres south east of Darwin, will create 250 jobs
- An iron ore market analyst says high prices are being driven by record Chinese steel production
Two mothballed mines have restarted operations in the past few months and are expected to be in full production…
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