Ex-Limo Firm, Billionaires Bet on Iron Ore With Mines, M&A

  • Hong Kong’s Brockman Mining targeting production from 2018
  • Project plans are being stepped up as ore prices have advanced

The global iron ore market is awash with supply and prices remain volatile, but a former Chinese limousine rental service and a billionaire New Zealand family are among producers and developers wagering new mines will be needed.

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