Statement from GBG. "The Karara Iron Ore Project is investing more than $200 million on infrastructure at Geraldton Port to enable capacity of approximately 16Mtpa. This capacity is suitable for the Stage 1 production level of 10Mtpa and the anticipated Stage 2 expansion to 16Mtpa."
"For production beyond 16Mtpa Karara requires the development of Oakajee Port and has signed an MOU as a foundation customer of the project. We continue to support the development of Oakajee and continue to be engaged in constructive negotiations with all parties involved."
MMX Price at posting:
76.5¢ Sentiment: Sell Disclosure: Not Held
