Bucking the trend: Australian prospector plans new iron-ore mine

June 2, 2016

Responsive image

As most of the world’s small iron-ore miners fight for survival, an Australian prospector is preparing to dig a new mine – counting on its high-grade ore and specialist mill buyers to compete in market dominated by mega producers.

Quentin Hill, MD of Carpentaria Exploration, says his company’s “super grade” concentrate represents some of the world’s richest iron ore pellet feeds, which can yield margins competitive with Vale, Rio Tinto, BHP Billiton and Fortescue Metals Group, which together control 70% of the sea-borne market.

Category: General