Iron ore weakness to continue into 2025 and beyond, says Fitch Solutions’ BMI
Looking beyond 2024-2025, BMI analysts maintained their view that iron ore prices will likely follow a multi-year downtrend.
Situated 600 km away from Johannesburg in the Northern Cape Province of South Africa, the King Crusher project and Parsons plant expansion, which forms part of the Khumani expansion project (KEP), has challenged the logistical planning skills of Concor Civils. The company is responsible for the construction of the primary and secondary crusher and associated infrastructure at the project. The KEP, owned by African Rainbow Minerals and Assore, is aiming for production of 10 Mt/y of iron ore by July 2011. It currently has Proven and Probable reserves of 565.8 Mt at 64.49% Fe. (more…)
