Iron ore majors ramp up supply even as China faces challenges
Iron ore is one of the year’s worst performing major commodities, slumping by almost a quarter as China’s property crisis drags on.
SYDNEY (Thomson Financial) – Australian construction and contract miner Leighton Holdings Ltd said on Monday its HWE Mining unit has been awarded a A$344 million ($319 million) contract at Rio Tinto’s Mesa A iron ore operation in Western Australia’s Pilbara region. More at Interactive Investor
