Strategic Minerals makes first shipment from Cobre mine

Strategic Minerals, a magnetite iron ore producer and exploration company, has announced the start of full-scale production and completion of its first export market shipment from its magnetite tailings deposit at the Cobre Mine in New Mexico.

Strategic Minerals, a magnetite iron ore producer and exploration company, has announced the start of full-scale production and completion of its first export market shipment from its magnetite tailings deposit at the Cobre Mine in New Mexico.

The company said that following this first sale, which totalled 47,000 dry metric tonnes (DMT), it is now "well-positioned" to deliver shipments in the export market of around 50,000 DMT per month.

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