From Deseret News archives:

Utah company reopens iron mine

Published: Sunday, Oct. 5, 2008 12:00 a.m. MDT

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From the archive
CEDAR CITY (AP) — A Utah company is reopening an iron mine with plans to sell more than $1 billion worth of high-grade ore to China in the next five years.

Salt Lake City-based Palladon Ventures Ltd. reopened the 6,600-acre Iron Bull Milling and Mining pit 16 miles west of Cedar City in mid-September. The mine had been closed since 1996.

Palladon President and CEO Donald Foot says his company wants to mine 2 million tons annually before expanding to 4 million tons. Foot says China Kingdom will process the ore at a Beijing-area mill.

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