An iron ore reawakening

An acceleration of deals in the iron ore sector gives hope to a large number of small stocks.

It’s raining deals in Australia’s iron ore sector, with the joint $1.4 billion bid by Aurizon and China’s Baosteel for Aquila Resources just one development that could benefit a number of smaller companies currently unable to gain access to all-important rail and port services.

If successful, the Baosteel/Aurizon bid will see a new port built at Anketell Point adjacent to Rio Tinto’s operation at Cape Lambert on Western Australia’s Pilbara coast.

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