clive palmer, page-4

Australasian appoints BNP Paribas as advisor
It is reported that Perth based iron ore company Australasian Resources has appointed BNP Paribas as its advisory bank in a move towards facilitating finance offer for the development of its deposits.

As per report, BNP Paribas will assess Australasian’s bankable feasibility study for its Balmoral South iron ore project, in the context of the likely requirements Chinese banks will have of the project.

Australasian said that the bank, which was appointed with the approval of project partner Shougang, has a close working relationship with Chinese policy banks, which are expected to be a primary source of project funding.