IFE need this approval ASAP to make the most of the booming Iron Ore price. Price is expected to peak by the middle of next year whilst the Chinese close their unprofitable domestic mining operations. 2015 is expected to see prices fall back to USD 90 / tonne.
I really hope they have their ducks in a row, because track record and project planning to date have been abysmal!
this could be the week, page-5
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