Sydney-based RIMCapital has written off its investment in unlisted company Yilgarn Infrastructure Ltd, which was the unsuccessful bidder for the development of the Oakajee deepwater port and associated rail project.
Golden West Resources Ltd will spend over $11 million subscribing to shares in Yilgarn Infrastructure Ltd in a bid to secure the construction of a railway from its iron ore project to the Oakajee port.
Yilgarn Infrastructure has flagged a potential $1 billion damages claim for breach of contract by Midwest Corporation Ltd, which allegedly signed a binding agreement to formally nominate it as its preferred developer for the Oakajee port and rail.
Gindalbie Metals chairman George Jones has backed Yilgarn Infrastructure as the preferred developer of rail and port infrastructure in the Mid West, and warned the state government that major decisions need to be taken by the end of the year.
Subiaco-based Yilgarn Mining Ltd has commenced a scoping study on its Marillana iron ore project in the Pilbara, in line with its recently announced plans to fast track exploration and evaluation activities at the project.
Yilgarn Infrastructure has secured a $750 million funding deal with five Chinese steel companies for the development of railway and port infrastructure in the Midwest, should the proposal win WA Government approval.
Mid West resources group Yilgarn Infrastructure Ltd's bid to build port and rail infrastructure to service the region's growing iron ore province took a big step today with the signing of a $1.5 billion financing deal with a Chinese bank.
Burswood-based minerals explorer Mindax Ltd subsidiary Mindax Energy Pty Ltd and Heathgate Resources affiliate Quasar Resources Pty Ltd have pegged an additional 2,796sq km of exploration ground at their Yilgarn Avon Uranium Joint Venture.
Perth-based Yilgarn Infrastructure Ltd will conduct a feasibility study on a proposed multi-user rail project in the Mid-West, after signing a memorandum of understanding with the China Overseas Engineering Corporation, the company announced today.
Western Australian-based Yilgarn Infrastructure Ltd has secured a $10 million investment from the Hawkesbridge Infrastructure Trust for its proposed rail and port infrastructure to the Mid West iron ore precinct.
Backed primarily by Chinese money, Perth-based unlisted public company Yilgarn Infrastructure has proposed a $2 billion rail and port development, including the construction of a new port at Oakajee, in the Mid-West.
Perth-based Yilgarn Mining Ltd has taken a further step in its nickel growth strategy in WA's Eastern Goldfields by announcing a new combined nickel-cobalt resource for the Coglia Well and Rocky Well deposits.