The credit ratings and research division of the Fitch Group says producers should take advantage of the current environment of lower supply, healthy demand and higher prices.
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The supply/demand dynamics benefit Australia’s iron ore miners, according to the latest research by the Macquarie Group.
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Announcement follows the company’s commitment to build the $1.3 billion Eliwana iron ore mine last year.
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One of the trucks was traveling at low speed and ran into another that was parked at its Christmas Creek iron ore mine in the Pilbara region.
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