Vietnam steel maker Hoa Phat buys Australian iron ore mine to secure own supplies

Vietnam steel maker Hoa Phat buys Australian iron ore mine to secure own supplies

Photo: Christophe Dion / Unsplash

Vietnam’s steel maker Hoa Phat said on Monday it has acquired the Roper Valley iron ore mine project in Australia, marking the company’s first step to secure its own supplies in the world’s biggest iron ore producer.