Definitely a positive for Onslow....
"In a note to clients, Morgan Stanley analysts said they saw the decision as “positive” because they expected the operation to be cash-flow negative for the quarter.“We continue to see MIN transitioning its focus to its ramping, low-cost and long-life Onslow Iron asset,” they said.MinRes shipped first ore from Onslow last month, a new mine set to employ 1600 people at its peak pump out about 35 million tonnes of the steelmaking commodity a year."
M4M, page-394
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