03
May
12:04
Iron Road obtains approval for Australian magnetite project
Iron Road has received approval from the South Australian government to develop its 21.5 million tonnes/year Central Eyre Iron Project (CEIP). It hopes to begin construction of the $4.5 billion magnetite project by the end of the year, Kallanish notes.
Iron Road has already secured Chinese backing, in the form of a strategic partnership with China Railway Group. Three Chinese banks also said recently that they would be interested in financing…
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