Tag: South Australia
WPG commits to iron ore startup
WPG Resources has committed to the startup of the Peculiar Knob iron ore project located in South Australia. Set to begin in 2011, the development decision is conditional upon the completion of a USD 120 million funding package from Deutsche Bank in addition to USD 82 million in equity.
Magnetite deposits JV
Wuhan Iron & Steel Corp. (WISCO) has signed an agreement with Australian Western Plains Resources Ltd to invest up to AUD 45 million to set up a 50-50 joint venture for the miner's magnetite deposits in South Australia.