Monday 1 June 2015

Otmane El Rhazi : Mine closures, job losses on Brazil's iron-ore frontline

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.

A giant truck carries chunks of sparkling mountainside to a web of yellow conveyor belts at a huge mine in eastern Brazil, a few more hundred tonnes of iron-ore that are good for its owner Anglo American but bad for a battered global market. Part of a new generation of massive mines contributing to a supply glut, the Minas-Rio mine has the scale and modern design to produce iron-ore, the main ingredient in steel, at well below the costs of more traditional projects.

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