China data boosts iron ore futures, traders optimistic
NewsTotal shipments from Australia and Brazil – significant iron ore suppliers – decreased by 12.5% week-on-week to 22.08 million tons for the week ending March 18.
Australia-listed Riversdale Mining Limited has signed a non-binding Memorandum of Understanding with Wuhan Iron and Steel Corporation (WISCO) and a logistics partnership agreement with the China Communications Construction Company (CCCC) for the development of the Zambeze Coal Project in Mozambique.
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