Socrates Vasiliades: Taxing All His Strength to Meet High-grade Ore Demands

Jessicabeak23 Jan, 2021Business

Iron ore mining is a low margin business, but gets demands in high volume. Also, it is capital intensive process and also requires enough investment in infrastructure. So, producers also feel that they should get good returns. This in turn depends on grade and demand. While the lower grade products are sold for big discounts, higher grade ores come expensive.