Bullish Sign? - Bounced off 200 EMA, page-3853

Hi again…
I am not sure if the links below - to the Roper Valley iron ore project ate relevant to NRW but it HAS been placing Seek advertisements  for a new project in the Northern Territory with new equipment.
https://www.seek.com.au/nrw-civil-&-mining-jobs/in-Northern-Territory-NT
- Maybe for the existing Roper Bar contract?
- Maybe not .

cheers


https://www.australianmining.com.au/news/vietnamese-company-scoops-up-nt-iron-ore-site/

https://thewest.com.au/business/vie...-the-nts-roper-valley-iron-ore-mine-c-3026247

Spoiler : See The West story here

Vietnamese steel firm Hoa Phat buys the NT’s Roper Valley iron ore mine
GARY SHIPWAYNT News
Sat, 5 June 2021 10:35PM


Not Supplied Credit: News Corp Australia

A LEADING Vietnamese industrial manufacturing group has bought the controversial Roper Valley iron ore project about 600km southeast of Darwin.
Australia’s Foreign Investment Review Board has given the OK for steel firm Hoa Phat to buy Roper Valley from United Arab Emirates company Al Rawda Resources, which secured the defunct project from administrators in 2016.

The Hoa Phat empire is furniture, steel pipe, steel, refrigeration, real estate and agriculture.
It says it is continuing to research purchasing other new iron mines in Australia to ensure a long-term supply of at least 50 per cent of its iron ore demand (equivalent to 10 million tonnes a year).


A leading Vietnamese industrial manufacturing group has bought the controversial Roper Valley iron ore project. Supplied Credit: Supplied

Al Rawda had applied, through its Australian subsidiary Northern Territory Iron Ore, to the NT government to reopen the mine in 2018 attracting the attention of local Indigenous leaders, fishermen and tourism operators concerned about potential environmental impacts.

At the time local Indigenous communities were concerned about barging the ore up the Roper river for transshipping in the Gulf of Carpentaria.

According to Hoa Phat Group, the Roper Valley iron ore project has an estimated 320 million tonnes of reserves with a four-million-tonne-per-year mining capacity.