To mine quality iron ore and have a customer who will take it, the deposit undergoes significant geochemical scrutiny.
Hats off to Glencore for having a crack but I think this ended up in the too hard basket.
Perhaps CNJ will find it easy.
Yeah they sent about 10 ships per year until they realised their customer said they don’t want it anymore!
There were significant problems so they used the phrase “going to focus on the copper”
https://www.glencore.com.au/.rest/api/v1/documents/fe67e1f194a1fb6847487689e8a44c26/130715_Statement_Suspension-of-magnetite-production-at-EHM.pdf
That was about 10 years ago.
85m of 80% Magnetite at Sortekap SODD001, page-33
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