beijing's oakajee rethink

Even the Chinese have to be convinced the dilution to MMX is going to be massive imo.
I think it will go ahead but the Chinese will do this on there terms with Sino & Ansteel calling the shots.

Cheers
Hotlegs


Beijing's Oakajee rethink as review will further delay $5.9bn project

by: Andrew Burrell
From:The Australian
November 15, 201112:00AM

CHINA'S $US400 billion sovereign wealth fund, China Investment Corp, has launched an in-depth review into whether Beijing should rescue the troubled Oakajee port and rail project in Western Australia's Mid-West or walk away from the region altogether.

In a highly unusual move, China's peak economic planning body, the National Development and Reform Commission, has ordered the CIC to conduct due diligence on the planned $5.9bn infrastructure project.