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clock Created with Sketch. 13/01/16
12:39
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Originally posted by Baraka
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Because the take or pay rail contract and power purchase agreement will need to be paid regardless of if it operating or not. This is a massive plant stuck on the edge of the desert that would require a pretty large team to keep it in condition to restart one day. The Chinese have their nuts in a vice and arent happy. i think of of this sabre rattling by them is purely to get GBG out so they can take their shame out of the public arena.
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It would be a different scenario if the price of iron ore was higher, at some point the Chinese can only take some much of it.. have you ever been to the mine
