AON 3.70% 2.6¢ apollo minerals limited

cape lambert closes in on chinese iron partner

  1. 351 Posts.
    Cape Lambert close to striking a 300 million deal with Chinese metallurgical group,( MCC) to help develop Cape Lambert's billion tonne iron project which sits near Apollo Mt Oscar.
    MCC is a Chinese government controlled entity with a mandate to invest in overseas resource projects.
    It has also been made clear that the Chinese are targeting small to mid sized junior exploration companies such as Apollo. Exciting for investors!
    This will be MCC's second investment in the Pilbra after their 20% stake in the citic groups Sino Iron ore mine and port project at Cape Preston worth an estimated 5.2 billion dollars.
    The Chinese are for real as is the tenemant at Mt Oscar.
    Brace yourselves and enjoy the ride !
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