www.imxresources.com.au/
Asian Investors' Iron-Ore Bets in Australia Fail to Pay Off
Already, some Asian magnetite mining ventures have found it impossible to stay afloat. In June, IMX Resources Ltd. IXR.AU +3.57% —which counts China's Sichuan Taifeng Group as a major shareholder—said it would shutter its majority-owned Cairn Hill mine in South Australia, which produces magnetite and copper, because of falling iron-ore prices. The company this week also sold its Mt Woods magnetite deposit to focus on nickel, graphite and gold exploration in Tanzania instead.
The pullback is especially evident in Western Australia. Three years ago, a Deloitte Access Economics report forecast the state would receive the lion's share of a boost to Australia's economy from the magnetite push, estimated at A$4.5 billion in revenue and 4,000 jobs.
online.wsj.com/articles/...ore-bets-fail-to-pay-off-1410411784
IMX Resources se libère du fer australien pour le graphite, le nickel et l’or de la Tanzanie
www.agenceecofin.com/metaux/...e-nickel-et-l-or-de-la-tanzanie
Asian Investors' Iron-Ore Bets in Australia Fail to Pay Off
Already, some Asian magnetite mining ventures have found it impossible to stay afloat. In June, IMX Resources Ltd. IXR.AU +3.57% —which counts China's Sichuan Taifeng Group as a major shareholder—said it would shutter its majority-owned Cairn Hill mine in South Australia, which produces magnetite and copper, because of falling iron-ore prices. The company this week also sold its Mt Woods magnetite deposit to focus on nickel, graphite and gold exploration in Tanzania instead.
The pullback is especially evident in Western Australia. Three years ago, a Deloitte Access Economics report forecast the state would receive the lion's share of a boost to Australia's economy from the magnetite push, estimated at A$4.5 billion in revenue and 4,000 jobs.
online.wsj.com/articles/...ore-bets-fail-to-pay-off-1410411784
IMX Resources se libère du fer australien pour le graphite, le nickel et l’or de la Tanzanie
www.agenceecofin.com/metaux/...e-nickel-et-l-or-de-la-tanzanie
Keine Kauf-Verkaufsempfehlung. "Das Glück des einen ist das Unglück des anderen"