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Venture likes look of Riley again

WITH the iron ore price rising in the wake of Vale’s latest Brazilian tailings dam disaster, a shuttered mine on Tasmania’s West Coast could soon reopen its mine gate.

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

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

Venture Minerals is reviewing the economics of its Riley direct shipping ore mine in light of the high iron ore price, which has risen more than 20% since Venture put the mine on ice in August 2014. ...

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