holders of Mox...isn't that where mox has iron ore and manganese projects??..could this news turn out good for mox too and not just centrex??...just curious cause i stumbled across this clipping at an ady thread....any comments?...
Chinese steel company to invest in SA
Thursday December 18, 2008, 10:44 am
Adelaide-based mining company Centrex Metals has announced a major Chinese steel producer is to take a half share in its South Australian mining tenements.
The Wuhan Iron and Steel Group will invest up to $180 million for the share in selected iron ore projects on Eyre Peninsula.
It will also take a strategic 15 per cent direct stake in Centrex, for around $10 million.
Centrex says the Chinese company will also work to jointly develop a deep water export port on Centrex-owned land near Tumby Bay, on Spencer Gulf.
MOX Price at posting:
3.8¢ Sentiment: Hold Disclosure: Held
