Interesting if Russia has changed it’s mined (Puttin)
They have 35%Fe as previously posted for every million tons dug, transported and smelted, 650 000tons are dumped as low value by-product. Don’t know there production cost or restrictions in the northern winter. They can by the following ore in Oz.
“ore with 62 per cent content delivered to Qingdao has climbed back to $US43.57”
Russia may find selling there steel products to Euro difficult competing with China.
MMK in 2015 still had 5% holding in FMG. Since there attempted venture in the Pilbara the transport laws have changed. So, lots could happen.
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Interesting if Russia has changed it’s mined (Puttin) They have...
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