FMG 1.62% $21.92 fortescue ltd

Rio Freezes New IO Capital: Silvergrass Dead, page-2

  1. 13,783 Posts.
    more good news for IO prices holding even rising ..YAY !

    Silvergrass and, though a final investment decision has been twice delayed, there was every reason to believe that Rio would push the button on the $US1 billion ($1.2 billion) expansion on the company's revised schedule of 2016.

    Silvergrass currently lacks the Commonwealth environmental permits and the state agreements needed for progress and there was a risk this would become a pressure point should the stand-off between Andrew Forrest and his competitors gain the quantum of political traction that the iron ore billionaire wants it to.
 
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