Good to see the government has given the green light to Ansteel lifting its stake in GBG also making Ansteel commit to shipping all their ore through OPR .
"Ansteel has undertaken to:
1. Support the development of the Oakajee Port and Rail Project approved by the Western Australian Government; 2. Use the Oakajee Port when that Port is available to ship Karara production to customers; and 3. Not alter the proposed 50:50 ownership of the pellet plant that joint venture participants intend to build in China without first seeking the prior approval of the Australian Government."
Good news for the Midwest and great news for OPR. This should guarantee us the federal funding next week!
MMX Price at posting:
$1.28 Sentiment: Buy Disclosure: Held