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.
Adding just one year to the life of Australia’s iron ore industry could earn the nation a bonus A$56 billion according to an article published in the June 2011 issue of CSIRO’s Process magazine. The article highlights how a team of CSIRO scientists has stepped up to the challenge of adding years to the commercial lifespans of known ore resources and converting once uneconomic deposits into viable mines. Theme leader, Dr Ralph Holmes, says CSIRO is conducting multiple lines of research into all facets of the industry to produce benefits across the whole value chain.
