How Iron Ore Mining (Mostly) Works! How Iron Ore Mining (Mostly) Works!
https://www.youtube.com/watch?v=F1bJYHl5iJw&t=0s
How Australia Ships Iron Ore Worldwide!
https://www.youtube.com/watch?v=jaYzT1YQplg
"The local market for iron ore in the region is already set up for small miners, and Florlia is in that category — too small for big players like Vale, who need a minimum 20Mtpa. But Vale is happy to let small miners operate and ship their ore directly to their local steel mills.
Selling iron ore to the local steel industry can reduce production costs by more than 50%.
The Florlia Hematite open cut is of significant size consisting of five benches rising to 48m and 160m in width revealing plunging bands of hematite iron ore at the base, and sub-horizontal banding at the top of the open cut and is open in all directions."
https://aheadoftheherd.com/max-closes-purchase-of-floralia-hematite-dso-iron-ore-project-in-brazil-richard-mills/
“The Florlia Hematite Iron Ore open pit reveals sizable, sub-horizonal plunging bands of hematite iron ore which appear to extend in all directions. Upon successful exploration and development, with iron ore buyers situated within 20 km, Florlia would have a significant transportation cost advantage, as bulk tonnage haulage to a shipping port would not be required,” said Max’s CEO, Brett Matich
#IronOre $Max