Australia’s Territory Resources has signed contracts with three Chinese steel mills for the supply of iron ore.
In the coming three years, Territory will supply totally 2 million tonnes a year to the three steel producers in China.
The company said that "Territory remains on track to complete the ramp up of production at Frances Creek to an annualized rate of 2 million tonne per annum during 2009, with a number of operational enhancements completed at the mine over the past 12 months."
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