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OneSteel Increasing Iron Ore Production, Considers Name Change
Feb. 20, 2012 04:43PM PST
Base Metals Investing
Reuters UK reported Australia’s OneSteel is increasing their iron ore production and considering a name change.
Reuters UK reported Australia’s OneSteel is increasing their iron ore production and considering a name change.
As quoted in the market news:
Managing Director Geoff Plummer said the Peculiar Knob mine in South Australia was due to make its first sales of iron ore in late 2012, and should take total sales to 11 million tonnes in 2013, nearly double current production.
Based on that projection, OneSteel would rank as Australia’s fourth-largest iron ore miner behind Rio Tinto , BHP Billiton and Fortescue Metals Group .