boo at 1.12 hehehe, page-5

This is good news in regards to Rail and port for the old GBG.

Midwest Corp welcomes Chinese Infrastructure Investment
Midwest Corporation Limited (Midwest) welcomes today’s announcement by Yilgarn Infrastructure
(attached) that it has negotiated the A$750 million equity required for the development of rail and
port infrastructure in the mid west region of Western Australia.
Midwest and Yilgarn are parties to an Implementation Agreement to work together to progress the
development of the port and rail infrastructure.
The raising of the equity through five of China’s biggest and most successful companies, including
our joint venture partner Sinosteel Corporation, is most encouraging for the emerging iron ore
industry in the area.
“It signals the strategic interest of major Chinese companies in iron ore in W.A. and the growing
co-operation between Chinese and Australian companies. Today’s announcement also confirms
China’s appetite for investment opportunities in W.A.”, commented Mr Bryan Oliver, chief executive
of Midwest.
The company is delighted to be associated with a group of this calibre which has the capacity to
expedite the infrastructure required to capitalise on the massive opportunities in the iron ore
industry in the region.