Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Australia-based developer Centaurus on Tuesday announced that it would explore opportunities to diversify its asset base in Brazil, while also hunting for joint venture partners or outright buyers for its Candonga direct shipping ore (DSO) or Jambreiro iron-ore projects. The ASX-listed company told shareholders that while Centaurus remained confident that the Candonga project was capable of generating positive cash-flows, even in the current iron-ore price environment, the miner had been unable to secure the necessary funding to develop the new production capacity.
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