Chawkey,
NMDC will be responsible for procuring the debt facility for Wonarah (around $2b capex depending on production method - SPA or WAP) and will reimburse certain MAK expenditure for 50% equity in Wonarah project. (refer page 12 of latest Co Presentation - Nov 2011).
Ann due any time now re JVA.
Cheers
grains up & mos, pot & agu up, page-3
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