CLE 0.00% 0.1¢ cyclone metals limited

scraps iron ore project over mine tax, page-17

  1. 77 Posts.
    from the west aussie.
    Today, Cape Lambert Iron Ore chairman Tony Sage joined Queenland mining entreprenuer Clive Palmer in calling off future projects in Australia because of the new resources super tax.

    Mr Sage said his company had shelved plans for further exploration at its namesake magnetite project In the Pilbara and would turn its attention to projects outside of Australia including its Marampa iron ore project in Sierra Leone
    Tony is batting against KRUDD and talking up Marampa.
    surely good buying now after his confidence vote at 48c
 
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