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The Daily Galaxy on MSNGeologists Uncover the Largest Iron Ore Deposit in History—Valued at a Staggering $5.7 TrillionA newly discovered iron ore deposit in Western Australia has been identified as the largest ever recorded, containing an ...
Valued at up to approximately 600 billion yuan or US$83 billion, the discovery could be one of the largest and most lucrative ...
Australian mining company Genmin has been developing the Baniaka iron ore deposit in Gabon, which has the potential to produce 10 million tonnes of iron ore annually. The company initially planned to ...
Rio Tinto will invest $1.8 billion1 to develop the Brockman Syncline 1 mine project (BS1), extending the life of the Brockman ...
Proceeds will be used to fund the development of the Kon Kweni project in Guinea, a major undeveloped iron ore deposit in West Africa previously known as Nimba. Rio Tinto Group’s giant Simandou ...
AMB will retain a 10% interest. The Japanese company noted that Rhodes Ridge is one of the world's largest undeveloped iron ore deposits, located in Western Australia, where Mitsui has been ...
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