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Decision To Approve Canada’s Iron Mine Hinges On Steel Demand
Sep. 20, 2012 02:22PM PST
Base Metals Investing
Reuters reported the decision to move ahead with a massive iron ore project in Canada’s far north may hinge on global steel demand.
Reuters reported the decision to move ahead with a massive iron ore project in Canada’s far north may hinge on global steel demand.
As quoted in the market news:
The Mary River project, owned by a subsidiary of steelmaker ArcelorMittal, was given the green light late last week by regulators in the territory of Nunavut after a four-year environmental review.
The approval is the first major milestone for the challenging development, located in a remote and environmentally sensitive region of the Canadian Arctic.
