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Way cleared for Chinese ore investment

Shanghai : China | about 1 month ago  
Views: 3
  • Workers use excavators at an iron ore mine on the outskirts of Beijing
    Workers use excavators at an iron ore mine on the outskirts of ...
    Source: Reuters
  • A worker looks on as an excavator is used at an iron ore mine on the outskirts of Beijing
    A worker looks on as an excavator is used at an iron ore mine on the ...
    Source: Reuters
Workers use excavators at an iron ore mine on the outskirts of ...
China's third-largest steel group Wuhan Iron and Steel is taking a 60 per cent stake in Adelaide-based Centrex Metals' iron ore rights to five tenements on southern Eyre Peninsula. Wuhan will also emerge with a direct 13 per cent stake in Centrex. Centrex Metals chairman David Lindh says the cornerstones...
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  • News Source: The Australian | about 1 month ago
    Patrick Colmer's comments that the government preferred foreign investment in undeveloped mineral deposits to stay below 50 per cent, and for investment in "major producers" to stay below 15 per cent. The comments added further confusion to the...
  • News Source: Adelaide Now | about 1 month ago
    Centrex and pave the way for a billion-dollar mining operation on the Eyre Peninsula. Centrex's five Eyre Peninsula iron ore tenements, spearheaded by the Wilgerup project near Port Lincoln. The investment includes staged payments to Centrex based on...
  • News Source: The Age | about 1 month ago
    Centrex-owned tenements on South Australia's southern Eyre Peninsula. Centrex via a placement of 40 million new shares at a heavily discounted price of 25 cents per share...Centrex reduces to 13.04 per cent post-issue, so the placement does not...
  • News Source: Australian Broadcasting Corporation | about 1 month ago
    China's third-largest steel group Wuhan Iron and Steel is taking a 60 per cent stake in Adelaide-based Centrex Metals' iron ore rights to five tenements on southern Eyre Peninsula. Wuhan will also emerge with a direct 13 per cent stake in Centrex.
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