Hambro Sees ‘Very Good Fortunes’ for Iron Ore on Capex Slump

  • IRC chairman says sector seeing major scaling back in spending
  • Hong Kong-listed miner starting up supply from new K+S mine

Digging Deep: IRC's Mining Ambitions

A slowdown in spending on global iron ore projects amid weak prices is setting the ground for a longer-term revival, according to Hong-Kong listed producer IRC Ltd., which is starting up production from a new project in Russia that was 10 years in the making.

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