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Camp chatter

$1.3 billion Iron Ore Proejct in Western Autralia

5/28/2018

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Now typically not a lot of people get excited about an iron ore project, even if it is an astounding $1.3 billion project. What is important is that this reflects the current demand in China for high quality ore for construction. As I talked about before there is a spike in vanadium demand, which works as an alloy to make rebar and other materials incredibly strong. This demand by China is creating a demand for resources that are not being met. Gold, copper, lithium, cobalt and iron are all needed for the One Belt One Road Initiative in China, as well as the faltering infrastructure in the US.
The other interesting part of this story is the implementation of technology with mining. Fortescue Metals will be using autonomous driving trucks at the site.
​http://www.mining.com/fortescue-goes-ahead-1-3bn-iron-ore-project-western-australia/
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  • About
  • Drillbits
  • Core Shack
  • Camp Chatter
  • Made the Grade
    • Goldstrike Resources
    • Juggernaut Resources
    • Goliath Resources
  • Prospectors Corner
    • The Model
    • Quality Targets >
      • Skeena Resources
      • Auryn Resources
      • Tudor Gold
      • K2 Gold Corp
      • Brixton Metals
      • Amarc Resources
      • Atac Resources
      • Pure Gold Resources
      • San Marco Resources
      • TerraX Minerals
      • Torq Resources
      • Bell Copper
      • Moneta Porcupine Mines
    • Commodities >
      • World Wide Precious Metals
  • Contact
    • Disclaimer