ARH australasian resources limited
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BEIJING, Jan 22, 2008 (XFN-ASIA via COMTEX) -- SCGEF | news |...

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    22/01/08
    14:28
    Post #: 3272253


    BEIJING, Jan 22, 2008 (XFN-ASIA via COMTEX) -- SCGEF | news | PowerRating | PR Charts -- Hong Kong-listed Shougang Concord International Enterprises Co Ltd said it has completed the first part of a feasibility study on Australasian Resources Ltd's Balmoral South iron ore project.

    Shougang is considering investing in the 2.1 bln usd project in the Pilbara region of Western Australia.

    If the project is later found to be viable, Shougang could take a 50 pct stake and sign an agreement to take up its entire output, the company said earlier.

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    ARH Price at posting: 0.0¢ Sentiment: Hold Disclosure: Held
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