Obviously it is still early days. But provided things continue...

Obviously it is still early days. But provided things continue to stack up i would not question MCC's ability to raise the $1.5 billion, particularly given that they have been responsible for the construction of 90% of China's additional steel making capacity over the past 10 years.

For me the most interesting part of the announcement was MCC's re-affirmation that they were interested in taking further equity in the project. The ability to raise the notional equity of $600 million US should be greatly facilitated by MCC's participation in any equity raising, particularly given that it is owned by the Chinese Govt.
If MCC want it to happen, it will.
Absolutely no yawning from me.