this was the company that was supposed to have been keen on a jv with ADY ... They were to provide millions of dollars to set up Vallenar so Thomas told us.
"The Chinese government has approved the Eyre Peninsula joint-venture (JV) deal between Wuhan Iron and Steel (Wisco) and Australian iron-ore miner Centrex Metals. Centrex said that all the JV deals conditions had now been met, and that it was targeting financial close by the end of May. "
Source Mining Weekly
Maybe ADY has not been seen as a possible partner?
Never mind i am sure that ADY has many other interested parties lined up. Wonder why the delay ( two years now)in signing up???
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