"Mr Scholz said the China Railway Group had confirmed it would take about 50 per cent of the product (iron ore) each year from the completed mine.
“China Rail has confirmed its intentions to sign an off-take agreement for 10 million tonne concentrate yearly,” Mr Scholz said.
The China Railway Group has supported the Central Eyre Iron Project since April 2016 with the China Railway Oriental International Construction Corporation, a subsidiary of the China Railway Group Limited providing $5 million worth of consultancy services during the Central Eyre Iron Project’s commercialisation phase."
IRD Price at posting:
24.0¢ Sentiment: Buy Disclosure: Held
