FIRB approves Centrex-Baotou joint venture
Baotou now cleared to invest up to $40m in echange for up to 50% of an iron ore deposit site
Baotou now cleared to invest up to $40m in echange for up to 50% of an iron ore deposit site
The company has blamed currency fluctuations and lower USD sales revenue for the expected slump
The company will be ready to begin drilling and blasting in December
Success in the onshore Gulf area of the United States, the Cooper Basin or the Offshore Carnarvon basin could transform oil and gas explorer Strike Oil (ASX:STX)
The parties have mutually agreed to walk away after being unable to agree on terms
BlueScope upholds forecast of 1H net loss
Will allow the joint iron ore venture to reach its target of commencing production in late 2010
The company records a comfortable 13% increase in both revenue and unadjusted profit
Wuhan will take a 15% stake in Centrex Metals as part of the arrangement
Has allowed the company to reduce its net debt position by over 90%
The parties have signed a new memorandum of understanding with no set expiry date
Hanlong Mining Investment's offer could help Moly clear its existing debt
The bid is a 6% improvement on an existing offer from Mineral Resources.
Company remains hopeful it can reach its full-year sales targets
Rio now owns 19.7% of the Vancouver-based company