The current downtrend for Iron Ore pricing will also bear on the viability of Hamersley, just of note in the article ....
~ "The price of 62% Fe fines delivered to northern China fell $US7.66 to %US95.77 a tonne which took the fall in the past seven days to more than 26%, while the price of 58% Fe fines shipped by the likes of Fortescue metals and Gina Reinhardt's Roy Hill fell by 9% to $US67.70"
https://www.*********.com.au/2021/11/03/20-month-low-for-global-iron-ore-prices/
https://www.spglobal.com/platts/en/market-insights/latest-news/metals/110221-chinese-steel-iron-ore-prices-slump-as-bear-factors-weigh-on-futures-physical-markets
https://www.marketindex.com.au/iron-ore
https://markets.*.com/commodities/iron-ore-price
https://www.mining.com/iron-ore-price-back-below-100-on-shrinking-steel-output-in-china/
All the big miners are feeling it as their share price tumbles:
RIO
FMG
BHP
cheers
Ann: Management Strengthened with Appointment of COO, page-3
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