The remaining iron ore mines in China are mostly low grade mines that produce ores with only 20 to 30% iron content At the same time China s demand for steel remains robust If Chinese iron ore supplies remain constrained then prices could rise On the other hand if China reopens mines and resumes production then prices could fall
Get PriceDUNGUN The Central Terengganu Development Authority Ketengah plans to establish a company to manage iron ore mining activities in Bukit Besi here Chairman Datuk Seri Ahmad Said said he has instructed Ketengah Holding Sdn Bhd to prepare the paperwork for the company s establishment which is to be presented at the agency s first
Get PriceThe 2 400ha Bukit Besi area holds 50Mt of iron ore reserves The announcement was made as Eastern Steel broke ground at its 1 200 acre site steel complex which was built with an investment of $ in Kemaman The first phase of the complex which will be built with an investment of MYR754m $ will be complete in 2024
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