richrichie
Interesting analysis - if IOH made move on RHI then they would end up with RHI's 40% reducing to 20% of the West Pilbara Project. AMCI and AQA each hold approx 20% of RHI at present.
Seems to me that a move on RHI by IOH would not assist with rationalisation of the stakeholders in the project.
I understand that rationalisation is needed before project finacing can be put in place by AQA / AMCI.
Given AQA's recent positive announcements re potential construction start in 2012 maybe the rationalistion process will start in the not too distant future.
Others in a similar position are CUL and HLX
ioh potential sale of its central hub assets, page-2
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