any insight?, page-3

G'day,

I believe the key to the EIS depends on the JV partner/investors. I'm inclined to think that BGD has already completed the EIS studies and the subsquent reviews of them.
So why not offiially submit them to the authorities?

Well, getting the JV partnership finlised before the official submission of EIS seems to be their intention here.

Boulder has the plans but not the money, that's why I believe MCC's involvement into the steel project is such a interesting one. Please follow the link below to see an article published in September last year by the Australian Newspaper.

http://www.theaustralian.com.au/business/chinese-steel-mills-to-get-the-go-ahead-to-build-in-australia/story-e6frg8zx-1225930269439

Although it's not a new article, but if you can see beyond the news you would think that, ANY future Chinese investments in furthering the Auatralian steel manufacturing industry will be well encourged and strongly considered by the Australian Government, not just the local Gladestone council or QLD government as in our case.

So, if MCC decides to invest and build the Gladstone Plant, are they still going to send their product to ABS in Saudi for further processing or making railway beams?

In my opinion, the answer could possibilly be no/maybe. The Gladstone Steel Plant will become a Flagship Ivestment for MCC in the Asia-Pacific Region, where new markets and business activities will be further developed from Australia.

If they are still going to send the products to the Saudis then why did they need to complete the Pre-Feasibility Study with emphasis on an updated market analysis to
define the final product mix. Doesn't the Saudis/ABS know what they want anymore? This could be a whole new ball game for MCC/BGD See. announcemet 09/12/2010.

So, goodluck and all just my opinions only.