Well the Chinese have not stopped investing, Ferraus announced a strategic deal with China Railway Materials Commercial Corporation (CRM).
The deal was for CRM taking a 12% stake in Ferraus in return for a $12.6 million investment.
As such, providing Ferraus is capable of mining enough iron ore, CRM will assist in building the rail infrastructure required in the Pilbara which will link Ferraus' mine site with one of the existing BHP or Rio Tinto owned rail lines in the region.
It is a far cry from 3Bn that sdl requires and also sdl is not located in the Pilbara but Cameroon, but it is a similar type of deal.
Well the Chinese have not stopped investing, Ferraus announced a...
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