Venture Minerals has entered into a share purchase and sale agreement with Goldvalley Brown Stone, a subsidiary of private iron ore miner Gold Valley Group, regarding the sale of its Riley iron ore mine in Tasmania.
The surge in iron ore prices over the past three years has delivered some spectacular returns for investors.Fortescue Metals Group – a pure-play iron ore stock – and Mineral Resource
Perth-based Venture Minerals has made a final investment decision for the restart of its Riley iron ore mine in Tasmania, with operations to begin in a week.