Indian iron ore was reported to be flat this week, stuck in the same range since mid-March, with China drawing supplies slowly but steadily, even as traders eyed contract talks between steel companies and iron ore miners for future direction. S.V. Salgaocar, managing director of V.M. Salgaocar and Brother Pvt Ltd, stated: It is not [...]
Massive exploration & drilling activities within its Cobar and Euabalong prospects by Eastern Iron Ltd has rshown large tonnages of potentially mineable magnetic iron-rich gravels. Peter Buckley, MD of Eastern Iron Ltd, said: The scout drill program has continued through the quarter and is ongoing with 15 palaeochannel targets now drill tested at Cobar and a further [...]
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