At the MidwestMining Forum 5 days ago Barnett said he would give royalty concessions to get this project(Oakajee Port and Rail project) up and running .The multi-billion dollar project was put in doubt earlier this month after Japanese backers Mitsubishi slashed jobs and spending on the development. At the same forum, Gindalbie Metals chairman, George Jones, was upbeat about the future of the development, but conceded it will be delayed. Mr Jones says it will not affect Gindalbie's expansion plans for several years and he expects it to be built by the time the company enters stage three of its Karara project.
Gindalbie is developing the Karara magnetite iron ore mine in a joint venture with Chinese steel maker, Ansteel.
It appears everyone needs a J/V partner !
I have struggled to find anything suggesting Pension funds would be used to invest in IO ! DO YOU HAVE ANYTHING (EWO ) ?
At the MidwestMining Forum 5 days ago Barnett said he would give...
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