Grange has all the boxes ticked

摘要

And while the majority of Australian iron ore producers and hopefuls have their eyes firmly fixed on China and India, a Western Australia-based explorer and miner will be looking towards the Middle East and South-East Asia when it starts production in 2010-2011. If statistics are of any value in the global iron industry then the growth figures for direct reduced (DR) pellets in the Middle East are pure gold. In 2006 the consumption of DR pellets in the Middle East was 6 million tonnes per annum. With the development of the region and the growth in electric arc furnaces, the estimated consumption for 2008 is 17Mtpa, rising to 35Mtpa in 2012 and 45Mtpa by 2015.