Chinese backer for Aurox's Balla Balla
Pilbara iron ore developer Aurox Resources has secured an agreement with China's leading mining engineering services provider for the provision of engineering, procurement, and construction (EPC) services and assistance in financing its Balla Balla project.
MCC Overseas LTD, which Aurox said is one of the most experienced Chinese providers of EPC services in Australia having been involved in Sino Iron, Cape Lambert, and now the China First projects, has signed on to assist Aurox in securing debt finance from Chinese banking institutions as a condition of EPC.
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