In January a unit of China's Xinyang Iron & Steel Co. bid A$57 million for iron ore prospector Accent Resources LN. Late last year, Japan's Mitsubishi Corp. agreed to pay A$325 million to buy the 50% it didn't already own in the Jack Hills Iron Ore Project and related rail and port infrastructure from Murchison Metals Ltd.
Roy Hill expects to begin shipments in 2014 at an annual rate of about 55 million tons over 28 years. The project includes a 342-kilometer railway that will connect the mine to Port Headland harbor in Western Australia.
Read more: Japanese, Korean investors spend $3.6B on iron ore project - The Deal Pipeline(SAMPLE CONTENT: NEED AN ID?) http://www.thedeal.com/content/industrials/japanese-korean-investors-spend-36b-on-iron-ore-project.php#ixzz1rs4Ag3GV
mitsubishi shows it's hand, page-4
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85.0¢ |
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| Open | High | Low | Value | Volume |
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