Email a friend
  • To include more than one recipient, please separate each email address with a semi-colon ';', to a maximum of 5

  • By submitting this article to a friend we reserve the right to contact them regarding AMM subscriptions. Please ensure you have their consent before giving us their details.

Admiralty investing $70 million in Chilean project

May 02, 2018 | 08:00 PM |

Australian miner Admiralty Resources will invest around $70 million in developing the Mariposa iron ore project in Chile’s northern Atacama region, now that approval has been granted by national environmental agency Servicio de Evaluación Ambiental (SEA). The Mariposa project is scheduled to come on stream at the end of 2018.

The company intends to produce 771,000 tonnes per year of iron ore, with an iron content of about 65%, for an 18-year period, a SEA report read. Output will be exported, mostly to the Asian market, through the Punta Totoralillo port, according to the Chilean agency.


Latest Pricing Trends Year Over Year


How will US hot-rolled coil prices fare over the summer?

Rise sharply
Rise modestly
Stay largely flat
Fall modestly
Fall sharply

View previous results