Ningbo to buy Braemer ore

THE SOUTH Australian Magnetite Consortium has shored up a long-term contract to supply Ningbo Iron and Steel with iron ore concentrate from tenements hosting the prospective Braemar Iron Formation.

Ningbo to buy Braemer ore Ningbo to buy Braemer ore Ningbo to buy Braemer ore Ningbo to buy Braemer ore Ningbo to buy Braemer ore

Braemer region iron ore.

Through a Letter of Intent the consortium and Ningbo signed off on a sale and purchase agreement for offtake of one million tonnes of iron ore concentrate per year for 10-years.

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