GBG 0.00% 2.9¢ gindalbie metals ltd

steel guru news

  1. 2,795 Posts.
    Just found this...anyone know of project Connect?
    Looks like full steam ahead

    November 03, 2008

    Karara project update
    Project Connect has announced that 103 procurement packages have just been listed by the USD 1.8 billion Karara Iron Ore Project.

    The USD 1.8 billion Karara Iron Ore Project is being developed through a 50:50 JV between Gindalbie Metals Limited and Chinese steel producer, Anshan Iron & Steel Group Corporation.

    The project includes magnetite and hematite resources. First production of 8 million tonne per annum is scheduled for 2010. Initial production of 2 million tonne per annum of Direct Shipping Ore hematite is scheduled for 2009.

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