Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
ASX-listed Arrium on Friday announced the redesign of its South Australian hematite operations, including mothballing its Southern Iron mining operation, as part of an initiative to combat the falling iron-ore price. The company told shareholders that the redesign was aimed at maximising cash generation during the period of low iron-ore prices, by idling the higher-cost Southern Iron operation and optimising the lower-cost Middleback Ranges operation to deliver about nine-million tonnes a year of iron-ore.
ASX-listed Arrium on Friday announced the redesign of its South Australian hematite operations, including mothballing its Southern Iron mining operation, as part of an initiative to combat the falling iron-ore price. The company told shareholders that the redesign was aimed at maximising cash generation during the period of low iron-ore prices, by idling the higher-cost Southern Iron operation and optimising the lower-cost Middleback Ranges operation to deliver about nine-million tonnes a year of iron-ore.
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