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Gindalbie to raise $162m

Rebecca Lawson
Monday, 3 November, 2008 - 15:39

Gindalbie Metals Ltd plans to raise $162 million through a share placement to Chinese project partner AnSteel to cover its final payment towards the $1.8 billion Karara iron ore joint venture.

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Comments

Submitted by Dave Thompson on Tue, 04/11/2008 - 13:07
Perth
Business as usual for Gindalbie. They have the right product in abundance. a whopping big magnetite hill that the Chinese liked all along. Mt Karara should provide a long term supply of metal for China giving the mid west a much needed boost with business and employment support for several decades to come as a result.

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Article Tags

Category: 
Politics & the Economy
Financial Services
Mining
Companies: 
Gindalbie Metals
Anshan Iron & Steel Group
Comments: 
1

Share Transactions

23/07/19
$24k Sold
Robin Marshall
23/07/19
$647k Sold
Keith Jones
23/07/19
$136k Sold
Paul Hallam
Total value as at the date of the transaction
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