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Magnetite Mines Limited ( (AU:MGT) ) has issued an update.
Magnetite Mines Limited has announced that The CSL Group Inc. has joined the Green Iron SA consortium, a collaboration aimed at establishing a green iron industry in South Australia. CSL’s expertise in maritime logistics, particularly in self-unloading transhipment vessels and port infrastructure, will enhance the consortium’s capability to create a fully integrated supply chain from mine to market, complementing the existing strengths of partners like Aurizon and Flinders Port Holdings.
More about Magnetite Mines Limited
Magnetite Mines Limited is an Australian iron ore company focused on developing magnetite iron ore resources in South Australia’s Braemar Iron Region. The company owns a 100% stake in a 6.6 billion tonne mineral resource and is advancing the Razorback Iron Ore Project to meet the growing demand for premium iron ore products driven by the decarbonisation of the iron and steel sector.
Average Trading Volume: 787,636
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$10.8M
For detailed information about MGT stock, go to TipRanks’ Stock Analysis page.