Gindalbie Metals Ltd is set to become Australia's next major iron ore producer after signing a joint venture development agreement with a major Chinese steel producer in the presence of China's President Hu Jintao and Prime Minister John Howard.

Gindalbie Metals Ltd is set to become Australia's next major iron ore producer after signing a joint venture development agreement with a major Chinese steel producer in the presence of China's President Hu Jintao and Prime Minister John Howard.