SOURCE: Industrial Info Resources

Industrial Info Resources

June 06, 2013 06:15 ET

Western Australia's Third Magnetite Mine Still Years Away From Production, an Industrial Info News Alert

PERTH, AUSTRALIA--(Marketwired - Jun 6, 2013) - Researched by Industrial Info Resources (Perth, Australia) -- Thanks to the likes of BHP Billiton Limited (NYSE:BHP) (Melbourne, Australia) and Rio Tinto Limited (NYSE:RIO) (Melbourne), Western Australia is well-known globally for producing massive amounts of high-grade hematite iron ore and is now one of the largest producing regions on the planet. While these companies have continued to focus on expanding their hematite production, a number of other companies have been actively developing the state's lesser-known magnetite resources. One of the larger projects, Asia Iron Australia's (Perth) $2.86 billion Extension Hill project, has slowed dramatically.

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