
No growth pains for iron ore major
THE last two years have been largely favourable for Perth-based Grange Resources, with the miner going from strength to strength in terms of production and revenue. Grange’s business centres on the extraction of magnetite iron ore from its Savage River mine in Tasmania and the production of pelletised iron ore at its associated plant. However, the company is now in the process of developing a second iron ore mine – Southdown, near Albany in WA – which is anticipated to be about four times the size of the Savage River operation. On top of its recent successes Grange has also acquired a new chief executive and managing director, Richard Mehan, who has worked in the industry for more than 30...