Sierra Leone's Ministry of Mines & Mineral Resources awarded a large-scale mining license to Marampa Mines Ltd (MML) on Thursday December 16, after the mine operator paid half of a $20 million binding settlement agreed with the government in May.
The spread between prices for 65% Fe iron ore and 62% Fe products will likely remain wide in the near term due to tight supply of high-grade Carajas fines, market sources told Fastmarkets this week.