Ann: Karara Funding Update , page-17

Ansteel is looking for long term supply. They have it through KML and at cost price for half the ore and no doubt will eventually own most of KML so will get even more at cost price. As a large GBG shareholder, they also benefit if GBG make money, though their first priority is KML's cheap high grade ore.

They have outlayed the money up front to get a cheap supply and will now reap the benefits by increasing ownership of KML to recoup costs. To this end, as half owner of KML they can sell up to 30% of production to others. Long term Ansteel will get back their initial investment and have access to cheap high grade ore for many years, plus as a bonus they hold about 36% of GBG. They don't help anyone without ensuring they benefit most