That would be one of the more positive potential possibilities. That Anglo has agreed to stump up a good chunk of funding and that they decided due to uncertainty in IO price not to bother with the DSO stage. But pure speculation at this stage and still very questionable communications IMO.
And again if current prices are a reason to cancel it was a terrible idea to begin with. They should have been much clearer that is was very much dependent to very high IO prices
Ann: MGU Green Iron production strategy for development & growth, page-14
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