CANDENTE COPPER WISE TO PARTNER WITH FORTESCUE Candente Copper wisely partnered with Fortescue, their expertise and drive will help move Norte into production thus greatly enhancing DNT's market cap. Smiles to 2021. :)
Fortescue commences with first Eliwana iron ore processing
Rajan Dhall Wednesday December 09, 2020 07:46
Fortescue Metals Group has successfully passed its first iron ore through the ore processing facility at the Eliwana mine and rail project in Western Australia.
It has been said that the important project will create around 2000 jobs during construction and will create 500 full time site positions as the team moves into operations.
Fortescue’s Eliwana is said to deliver a significant boost to Western Australia’s economy during the post-COVID-19 recovery phase and contribute to the state’s ongoing successful iron ore industry.
Exploration commenced in this area in 2006 and the firm has now delivered a new 30 million tonne per annum dry ore processing facility and infrastructure, along with 143 kilometres of rail which is in the final stages of construction.
Shares in the company have risen dramatically in 2020 and this is in line with the general sector trend. The stock has been boosted by strong commodities prices and company growth. As you can see from the volume histogram at the bottom of the chart, buyers have come in with good backing and strength to support the price gains.
https://www.kitco.com/news/2020-12-09/Fortescue-commences-with-first-Eliwana-iron-ore-processing.html