Large-scale Projects of Australia, Brazil Come Close to Start-up

摘要

Large-scale iron ore projects in Brazil and Australia will start operations in succession from the latter half of 2014 through 2015. One of them is a Minas Rio project in Brazil, and another is a Roy Hill project in Western Australia. Both projects start amid the situation that iron ore is in a state of oversupply and its prices are steadily decreasing. The Japanese mills are studying to take products from both projects.