Iron ore exodus

WILUNA miner GWR Group becomes the latest iron ore miner to suspend operations due to volatility in the iron ore markets, shuttering its C4 mine in Western Australia’s east.

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Mining operations (pictured) at GWR Group’s C4 Deposit at the 100%-owned Wiluna West Iron Ore Project commenced in December 2020 with first shipment planned for early 2021.

In a statement to the Australian Securities Exchange GWR said mining operations would be halted for 30 days while it monitored the iron ore price and considered whether to restart operations.