over 60% of oakajee project staff cut

Mitsubishi have taken the axe to the Oakajee port and rail project and cut over 60% of staff. The slow down makes it look even more unlikely to get off the ground in the next decade or so, even if our gung-ho Premier thinks he'll be able to bring the magic to make it happen.

I'm sure most here have already based our models on no Oakajee but no doubt the market will still put some heat on the mid-West Magnetite's tomorrow.