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Iron Bear keeps full ownership as Vale steps away from Phase 2
1:34pm on Friday 30th of October, 2026 AEDT
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Mining
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Iron Bear keeps full ownership as Vale steps away from Phase 2
1:34pm on Friday 30th of October, 2026 AEDT
Key Points
Vale declines Phase 2, leaving Iron Bear with 100% project ownership
3.3 billion tonne probable ore reserve at 29.1% Fe
PFS estimates US$9 billion NPV and 15.2% IRR
23 Mtpa production target with a 44-year mine life
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