was hoping for a further update on the below (from Dec qtrly)....

was hoping for a further update on the below (from Dec qtrly). Was hoping they might kick in cash for a stake in the project....

They won't have started building, Infrastructure spend will relate the FEED work (studies, design etc from consultants).


"In the previous quarter, Rutila had announced the entering into of a non-binding memorandum of understanding with a major Chinese steel mill to develop a long term strategic relationship with the aim to utilize the proposed BBI infrastructure to support its desire to be a significant importer of iron ore from the Pilbara. During the December 2014 the BBJV converted this to a Framework Agreement setting out the proposed key commercial terms of the proposed arrangements"