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iron-investing

Iron Ore Transport Unsafe Due To Moisture

Investing News Network
Nov. 05, 2012 10:41AM PST
Base Metals Investing

Mining Weekly reported iron ore shipments from Sierra Leone are unsafe due to high moisture content.

Mining Weekly reported iron ore shipments from Sierra Leone are unsafe due to high moisture content.

As quoted in the market news:

African Minerals and London Mining are the only two iron ore miners operating in the West African country, which has tried to boost output, 10 years after the end of a civil war which left some 50 000 dead.

Ship insurer the London P&I Club said vessels were being offered for loading in Sierra Leone, but it described the cargo as unsafe due to high moisture content which could lead to liquefaction of the mineral.

Click here to read the full Mining Weekly report.

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