Apollo Minerals – Richard Shemesian

Posted by - Admin / March 27th, 2012

Developing new minerals and exports is a key part of how various regions and economies grow and expand. The discovery and then utilization of high value resources has long been connected with a rising economy and a wide distribution of wealth.

This is, of course, great news for the people of South Australia, who are either already benefiting, or soon will, from the development of iron ore mines in South Australia. One of the most important aspects of developing iron ore for South Australia is the infrastructure that is in place. The Adelaide-Darwin Railway Line has received a lot of praise as a great means of transportation, which is essential for iron ore production. Richard Shemesian of Apollo Minerals said that “That railway line…has now allowed us to put our ore on that line”.

Many individuals in the iron ore industry and in South Australia believe that there is enough money to be made off the mineral deposits in the state that significant infrastructure investment is possible and there will still be enough left over to turn a significant profit in the global iron market. One of the principle movers and shakers in the local iron ore industry, Richard Shemesian, said, “with the iron ore prices there’s still a very good margin to be made if you can get your iron out quickly”.