Singapore take away gives life to Riley

AN IRON ore mine in Tasmania shuttered for the past five years could be back in business by the end of the year after a Singaporean steel trader agreed to buy two years of production.

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Sign of the times at the Riley iron ore mine in Tasmania

Venture Minerals has signed a binding terms sheet with Prosperity Steel for 100% of the first two years of production at the Riley iron ore mine, which has sat in care and maintenance mode since the