Iron ore price slumps to 3-week low on weak China demand, strong global supply
Property investment in China fell 10.1% in the first half of 2024 from a year earlier.
Ausenco has been awarded a $7million contract to deliver the detailed engineering for a 401 km iron ore pipeline for Samarco Mineração S. A. The iron concentrate slurry pipeline is part of Samarco’s expansion and will be the third pipeline for the project. It will link the Germano mine in Mariana, Brazil to the industrial complex at Ubú, Brazil and will have a nominal capacity of 20 Mt/y. Read more