The iron ore price suffered another steep decline on Friday, falling to the lowest since November 2008 when the SteelIndex benchmark was first introduced.
Gold for April delivery on the Comex division of the New York Mercantile Exchange was last at $1,184.20 per ounce, or about $12 below where it was before the report was released.
After more than four years of consultation and environmental studies, the miner has been granted conditional approval by Western Australia’s authorities.