Chinese mills encroach on Territory Iron

TERRITORY Iron has joined the growing list of Australia’s junior iron ore players to deal with Chinese steel mills after an undisclosed mill signed on for most of Territory Iron’s first year of production from its $A10 million Frances Creek project.

Chinese mills encroach on Territory Iron Chinese mills encroach on Territory Iron Chinese mills encroach on Territory Iron Chinese mills encroach on Territory Iron Chinese mills encroach on Territory Iron

The undisclosed mill has signed a non-binding memorandum of understanding for 600,000-800,000 tonnes of iron ore from Frances Creek where first production is scheduled for 2007.

loader