PERTH, AUSTRALIA — (Marketwired) — 06/06/13 — Researched by Industrial Info Resources (Perth, Australia) — Thanks to the likes of (NYSE:BHP) (Melbourne, Australia) and (NYSE:RIO) (Melbourne), Western Australia is well-known globally for producing massive amounts of and is now one of the largest producing regions on the planet. While these companies have continued to focus on expanding their hematite production, a number of other companies have been actively developing the state-s lesser-known magnetite resources. One of the larger projects, Asia Iron Australia-s (Perth) $2.86 billion Extension Hill project, has slowed dramatically.
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