West Pilbara iron ore may be moving forward
Investors in the long-delayed $7 billion West Pilbara Iron Ore project may see some progress as the courtship of China’s Baosteel to buy a stake of up to 50 per cent in the Aquila Resources-led project further ramps up.
Investors in the long-delayed $7 billion dollar West Pilbara iron ore project could finally see some progress as the courtship of Chinese steel giant Baosteel to buy a stake of as much as 50 per cent in the Aquila Resources -led project continues to ramp up.
Speculation a deal will be struck sometime this year to rejig the ownership structure of the project – and get it moving – is growing, with WA Premier Colin Barnett meeting the Baosteel chairman He Wenbo and his senior management team in Shanghai on Wednesday.
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