Firming iron ore prices and decreasing sea freight rates have encouraged West Australian miner CuFe to restart mining of its 60%-owned JWD direct shipping ore project at Wiluna West.
After pausing mining activities in the Dec 2021 qtr to reduce mined ore stock and preserve working capital amid softer prices, exec chairman Tony Sage says CuFe is poised to benefit from stronger prices.
CuFe’s next shipment will load in late Jan for a new customer in SE Asia.
PRICE REBOUND BRINGS IRON ORE MINES OUT OF SLUMBER - |