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FairStar managing director Kevin Robertson (L) with CSR Ziyang's Tiger Lee.

FairStar cancels $260m JV agreement, signs new deal

FairStar Resources has cancelled its $260 million joint venture, which would have provided 80 per cent of the required funding for its Steeple Hill iron ore mine in the eastern Goldfields, while at the same time announcing an alternative deal that will pay for the project's rail infrastructure.

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