You are here: Home > Steel News > Latest Steel News > Australia’s...

Australia’s Arrow Minerals inks deal with Baosteel for iron ore sales from Simandou project

Thursday, 24 October 2024 14:36:56 (GMT+3)   |   Istanbul
       

Australian miner Arrow Minerals has announced that it has signed a non-binding memorandum of understanding (MoU) with Baosteel Resources Holding, a subsidiary of Chinese steelmaker Baowu Steel, for potential sales of iron ore from its northern Simandou project in Guinea.

Arrow Minerals stated that the agreement is subject to its resource and reserve estimation, completion of studies on the project, project development, and negotiation and execution of definitive agreements.

The exploration target for the project, which is scheduled for commissioning in late 2025, stands at 281-716 million mt, with an iron content in the range of 33-46 percent.


Similar articles

Canadian iron ore production down 38.8 percent in August

22 Nov | Steel News

Daily iron ore prices CFR China - November 22, 2024

22 Nov | Scrap & Raw Materials

Major steel and raw material futures prices in China – November 22, 2024 

22 Nov | Longs and Billet

Iron ore prices in China gradually rise amid further stimulus hopes in Dec

21 Nov | Scrap & Raw Materials

Major steel and raw material futures prices in China – November 21, 2024 

21 Nov | Longs and Billet

Brazilian high-grade iron ore price increases from last week

20 Nov | Scrap & Raw Materials

India’s KFIL installs third oxygen plant at its Koppal mill

20 Nov | Steel News

Tata Steel ferroalloys division first in India to publish environmental protection declaration

20 Nov | Steel News

Daily iron ore prices CFR China - November 20, 2024

20 Nov | Scrap & Raw Materials

Major steel and raw material futures prices in China – November 20, 2024 

20 Nov | Longs and Billet