I disagree. The 'JV' with Norsk Hydro sees UMC own 25% of the bauxite assets. Expect NH to fully fund the project in the future.
I'd take this news at face value and suggest it's an investment in the FeO2 assets. A 2 million tonne p.a. 'dig, truck/train and ship' strategy will cost about 30M in capital, maybe our new Arab mate will either underwrite or foot the bill when those funds are required.
- Forums
- ASX - By Stock
- UMC
- new player in umc
new player in umc, page-9
-
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)