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Australia's Arrow Minerals inks deal with Baosteel for iron ore sales from Simandou project-锻造展-Forging Exhibition-2025 China(Guangzhou) Int'l Forging Industry Exhibition
10/28/2024 锻造展-forging expo-forging exhibition--forging event |
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Australian miner Arrow Minerals has announced that it has signed a non-binding memorandum of understanding (lMoU) withBaosteel Resources Holding, a subsidiary of Chinese steelmaker Baowu Steel, for potential sales of iron ore from its northerSimandou project in Guinea.
Arrow Minerals stated that the agreement is subject to its resource and reserve estimation, completion of studies on the projectproject development, and negotiation and execution of definitive agreements
The exploration target for the proiect, which is scheduled for commissioning in late 2025, stands at 281-716 milion mt with an ironcontent in the range of 33-46 percent.
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