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Magnetite signs steelmaker supply deal

MAGNETITE Mines and Lodestone Equities have signed a letter of intent with a steelmaker which they hope could lead to an offtake agreement for the Razorback iron ore project in South Australia.

Andrew Hobbs
Magnetite signs steelmaker supply deal

The non-binding deal covers the sale of 1 million tonnes of iron ore concentrate per year for pelletising purposes from the companies’ South Australian Magnetite Consortium to an unnamed steelmaker. ...

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