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Reuters reported junior miners are pushing ahead with plans to tap West Africa’s iron ore resources and break into the lucrative market for the steel-making ingredient despite tough market conditions.
Reuters reported junior miners are pushing ahead with plans to tap West Africa’s iron ore resources and break into the lucrative market for the steel-making ingredient despite tough market conditions.
As quoted in the market news:
Worries over slackening demand from China, which has led demand for iron ore for the past decade, combined with soaring operating costs and uncertain equity and commodity markets, have led investors to fret over the future of dozens of junior miners and exploration companies working on deposits from Mauritania to the Republic of Congo.