Wuhan Iron & Steel Co (WISCO) has made its Aus$51 million anniversary payments as part of the joint venture with Centrex Metals covering the southern Eyre Peninsula iron ore tenements in South Australia.
The two payments made by WISCO include $26 million paid directly to Centrex as a second instalment for the purchase of 60% of the iron ore rights to the southern tenements and $25 million paid to the joint venture exploration account as the second instalment of its exploration work commitment.
The Eyre Iron Joint Venture between Centrex and China’s WISCO was signed in July 2010.
The ASIA Miner editor John Miller interviews Gemcom Software International president Rick Moignard about the acquisition of the company by Dassault Systèmes, the 3DExperience Company. Click here
Martabe first gold pour imminent
G-Resources will pour first gold at its world-class Martabe Gold-Silver Project in North Sumatra, Indonesia, by the end of July. This is a major milestone for the company and for Indonesia, as stated by chief exexcutive officer Peter Albert in an interview with The ASIA Miner editor John Miller (click here).
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