sioc & vanmag settlement are the same, page-4

Looks good in big bold letters.

(So what is the problem)

Chinese not releasing the money?


REPORT FOR THE QUARTER ENDING 31 DECEMBER 2011
The Board is pleased to provide the following commentary.
COMPANY HIGHLIGHTS
•
Sishen Iron Ore Company Community Development Trust executes Subscription and Shareholder Agreements to become the Company’s new Broad Based Black Economic Empowerment partner in South Africa
•
Company satisfies key conditions precedent of the secured debt funding from ABSA Capital, one of South Africa’s largest financial service providers