Chinese group to Cape Lambert stake

MAJOR Chinese group Shandong Yuansheng International Trading Co Ltd is understood to have confirmed its intention to take up almost 20 per cent equity in Cape Lambert Iron Ore Ltd through the purchase of securities on-market. It is believed the acquisition of up to 19.9 per cent equity, the maximum allowed without triggering a takeover bid, was a condition Cape Lambert had set as part of an agreement reached with Shandong to have “first right of refusal” to negotiate an off-take agreement at the Cape Lambert Iron Ore Project, located in the Pilbra region. It is expected the project will come on line in late 2009, with production likely to be between five and 10 million tonnes a year.

Add your comment

BNIQ sponsored byECU School of Business and Law


6th-Australian Institute of Management WA20,000
7th-Murdoch University16,584
8th-South Regional TAFE10,549
9th-Central Regional TAFE9,064
10th-The University of Notre Dame Australia6,708
46 tertiary education & training providers ranked by total number of students in WA

Number of Employees

BNiQ Disclaimer