Japanese trading house Mitsui & Co Ltd will participate in the feasibility study of the Hawsons Iron Project in Australia, the development of which is meant to target the high-grade market.
Under the agreement, the Japanese trading house will contribute A$5.4 million ($3.99 million) toward the cost of the project's bankable feasibility study for an option over two million tonnes per annum in offtake of its Hawsons Supergrade product, Carpentaria Resources, the majority shareholder of the project, said on Monday August 6. "Mitsui will take on 20% of the feasibility study costs necessary for this project in exchange for the option of...