Otmane El Rhazi : Increased production sees Australia mining through tough market

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.

Despite a depressed global commodity price market, Australia’s iron-ore industry, even at prices of A$60/t to A$70/t, remains lucrative for the most part, says professional services company KPMG Australia head of mining Carl Adams. “Operations have never needed more people or spent more money. Iron-ore production has risen more than four-fold from about 160-million tons a year in 2000 to about 700-million tons a year at present,” he points out.