"Further to our previous announcements relating to ongoing discussions with a major Chinese steel mill, a subsidiary of Rutila’s joint venture partner, Todd, has entered into a conditional agreement with major Chinese steel mill Shandong Iron and Steel Group for long - term offtake of iron ore from the Central Pilbara, which may include iron ore from Rutila’s Alliance Partner, Flinders Mines Ltd (ASX:FMS) Pilbara Iron Ore Project (PIOP).
We note the WA Mines and Petroleum Minister Bill Marmion was present in Shandong for the signing of the conditional Offtake Agreement and expressed his support for the BBI Joint Venture rail and port infrastructure project."
FMS Price at posting:
1.6¢ Sentiment: Hold Disclosure: Held
