May 1st, 2011

New Braemar Alliance

COMPANIES with magnetite projects worth more than $10 billion have joined forces.

A consortium of iron ore explorers within an iron ore province west of Broken Hill and stretching across the border area of South Australia and New South Wales (NSW) has formed an alliance to promote common infrastructure development for mining and to advance their common interests.

Announcing the creation of the Braemar Iron Alliance during the inaugural Resources and Energy Symposium in Broken Hill, NSW, spokesman Andrew Woskett identified strong alignment between a number of listed and privately owned mineral exploration companies with tenements along the extensive Braemar Iron Formation.

The formation stretches for about 250km from Peterborough in SA to Broken Hill in NSW. It is rapidly emerging as potentially Australia’s next major iron ore province.

©The Asia Miner

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