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rockshox2 Terminated
06/10/11 9:11 PM
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Stock Free
08/16/10 9:27 AM

Iron Glen Mining Stock RSS Feed

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Iron Glen Holdings has found and secured new location found in Eastern Australia for the mining of Iron Ore. Just recently the first shipments have been sent off in almost 2 centuries from the Townsville areas nearby mines. This comes as great timing with the high demand for Iron Ore. Chinese steel companies have also started to make acquisitions it seems into some of these Iron Ore mines. The great thing about Iron Glen is location. The reason is that iron glen is located in Townsville (Australia’s largest tropical city ) only about 5 miles from the rail line to transport to the port and the port is less than 40 miles from site. This keeps the costs very low - higher profit margin. Most mining facilities have to truck a long distance to railway line and then a long distance to port. They have to have camps where the workers live the whole week - the cost are high because they have to fly them by plane to site, feed them etc. There is no need for large machinery because iron ore is on the surface. It can be seen from outer space. The iron ore demand is high with China buying everything they can put their hands on. http://www.ironglen.com
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