CuFe to restart mining operations at JWD Iron Ore Mine following improved iron ore prices

CuFe Ltd (ASX:CUF) and subsidiary Wiluna Fe Pty Ltd have initiated the restart of mining operations at the 60%-owned JWD Iron Ore Mine in Western Australia, prompted by improving iron ore prices and strengthening economic activity in China post-lockdowns.

The company expects iron ore product to be ready for haulage to port by the end of the month, swiftly positioning itself to take advantage of iron ore prices that have climbed some 50% since operations at JWD ceased.

The JWD site team has also begun the process of recovering high-grade material from a waste stockpile on-site, crushing and screening it for trucking to port.