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Grange lowers costs further

GRANGE Resources has reduced its direct operating costs again, with mining costs at its Savage River magnetite mine now just over half what they were in the September 2009 quarter.

Kristie Batten
Grange lowers costs further

In the December quarter, direct operating costs fell from $A104.30 per tonne to $63.83/t and the company has reduced costs further to $56.89/t. Pellet production dropped to 565,851t from 640,000t in...

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