Iron ore price rises on firmer steel outlook, but trade tensions cap gains
Lower Chinese steel product inventory driven by robust exports also supported iron ore prices above $100/t.
An AUD12 million contract has been awarded by Karara Mining Ltd to Bateman Engineering to carry out the front end engineering design (FEED) for the Karara iron-ore project in Western Australia. The project, awarded in September 2008, runs through to April 2009 with an additional arrangement for technical support to be provided through to November 2010….more at MEIOnline
