Midwest Corp agreement in doubt
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Tuesday, 24 July, 2007 - 22:00
IRON ore miner Midwest Corporation Ltd’s plans to expand its operations have suffered a major setback after the state government said it wanted to terminate a state agreement central to the company’s growth strategy. As detailed by WA Business News in June, the state government believes Midwest’s state agreement is outdated and no longer appropriate. Midwest informed the ASX that it has received a letter from State Development Minister Eric Ripper expressing a desire to terminate the Iron Ore (Murchison) Authorisation Agreement 1973.