life is good once more

The Adelaide Advertiser

Centrex positive
on ore project
A DECISION on whether a $186
million Chinese investment in an
Eyre Peninsula iron ore project
will be approved is imminent,
Centrex Metals says.
The Adelaide firm has placed
its shares in a trading halt awaiting
a decision from the Foreign
Investment Review Board.
Chinese company Wuhan Iron
and Steel Corporation has agreed
to a deal worth up to $186 million,
which would involve the development
of two five-milliontonne-
a-year iron ore mines.
WISCO would receive a 60 per
cent stake in the projects and has
signed a separate agreement to
develop a deep-water port north
of Port Lincoln to export iron ore.
The trading halt would last until
an announcement was made by
the review board, Centrex said.
Centrex shares last traded at 64c.