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No advantage given to China steel: Gindalbie

Gindalbie Metals has vehemently denied media reports that it gave Chinese steel-makers an unfair advantage to win tenders for its Karara iron ore development in the Mid West.

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Good on Gidalbie for TRYING to set the record straight with FACTS, even though winning an argument with the Press is tough: even on the rare occasions when they ultimately admit they're wrong, you might get a Retraction on Page 47 to the original Page 1 article!

What absolute rot. Ansteel own 50% of Karara JV and quite naturally made all of the structural stick steel. It was drawn in Chinese sections and no other option was considered. It is quite reasonable for the Chinese company to make the steel considering it owns most of the project. Grow up jingoistic politically motivated flat earth thinking fools - the job would not have gone ahead without their money, so they made the structure. What's not fair about that? Platework and lots of other items were made in Aust.

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23/07/19
$24k Sold
23/07/19
$647k Sold
23/07/19
$136k Sold
Total value as at the date of the transaction
Source: Morningstar

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