Iron ore price weakens as Australia flags return to sub-$100 prices
Futures dropped for a fourth day in Singapore, to trade about 3% lower for the week.
Northland Resources has contracted Metso to supply the mineral processing equipment and services for the two processing lines at Northland’s Kaunisvaara iron ore project in northern Sweden. The order is valued at $293 million and covers the complete equipment package for the processing plant, including two primary gyratory crushers, two AG mills, seven vertical grinding mills (VTM 3000), magnetic separators and seven VPA press filters.
