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DEVELOPING: Hematite iron ore mining is currently under way at Karara.

Gindalbie to raise $209 million

Chinese-owned steel producer Ansteel has confirmed an agreement to kick in $119 million to help Gindalbie Metals raise $209 million in additional funds required to develop the $2.57 billion Karara iron ore joint venture in the Mid West.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/12/18

1 year TSR5 year TSR
59thCanyon Resources50%23%
154thBeacon Minerals19%66%
461stGindalbie Metals-32%-30%
653rdBPH Energy-55%-38%
664thVenture Minerals-57%-35%
716 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

10/04/13
$59k Bought
13/12/12
$25k Bought
11/12/12
$25k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

348th↓Gindalbie Metals$7k
355th↓Venture Minerals$5k
356th↓Canyon Resources$5k
358th↓Beacon Minerals$4k
359th-BPH Energy$4k
513 listed resources companies ranked by revenue.
Source: Morningstar

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