Iron Ore Miners Expanding In Canada

Mining Weekly reported mining operators and developers in the Labrador Trough of Canada are confident of weathering the storm and continuing to expand.

As quoted in the market news:

The bullish outlook is predicated on China’s desire to extend seaborne trade in iron-ore away from Rio Tinto, Vale and BHP Billiton. More significantly, the nature of the ore itself makes it an attractive drawcard to steelmakers, owing to its holding less contaminants when compared with material from Australia or Brazil.

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