Murchison Metals Ltd has signed a deal with Mitsubishi Development Pty Ltd to develop major iron ore and infrastructure businesses in the mid-west region of Western Australia.
"The agreement envisages a total investment of approximately $3 billion to be funded utilising equity capital to be contributed by Mitsubishi and a debt funding package, the arrangement of which will be managed by Mitsubishi, leveraging its global financial resources and world-renowned development capabilities," Murchison said in a statement.
AGO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
