Gindalbie Metals has received final regulatory approval for the Karara Iron Ore Project allowing it to complete the initial drawdown under the US$1.2 billion Project Loan Facility.
Gindalbie Metals plans to tap the market for up to $206 million to fund its Karara iron ore joint venture, days after it announced a capital cost increase at the Mid West project.
Gindalbie Metals says its 50 per cent owned pellet plant in China will not be made redundant if its project partner, AnSteel, goes ahead with plans to build the state's first steel mill in Oakajee.
Mining identity George Jones has announced he will step down from his chairman roles at Gindalbie Metals and Sundance Resources to focus on his health, with Geoff Wedlock to assume the responsibilities.
Delays in receiving environmental approval for the $1.8 billion Karara iron ore joint venture have prompted Gindalbie Metals to make redundant 24 employees.
The development timeline for Gindalbie Metals' $1.8 billion Karara iron ore joint venture has been pushed back after delays in gaining foreign investment and environmental approvals.
The $1.8 million Karara iron ore project has joined with Central West TAFE in Geraldton to launch a partnership for education, vocational training and skills development to bring new employment opportunities to the region.
One of China's largest banks has given its approval to a $1.8 billion loan to Gindalbie Metals' Karara iron ore joint venture following completion of due diligence.
Chinese steelmaker AnSteel is set to lift its stake in Gindalbie Metals to 36 per cent as the miner sets a date for a shareholders meeting for the approval of a $162 million placement.
Gindalbie Metals Limited has accepted an offer from Anshan Iron & Steel Group Corporation worth more than $162 million to complete equity funding in its $1.8 billion Karara Iron Ore Project.
Gindalbie Metals Ltd plans to raise $162 million through a share placement to Chinese project partner AnSteel to cover its final payment towards the $1.8 billion Karara iron ore joint venture.
Parochial investors who put their money into Western Australian stocks have just experienced their worst year in nearly a decade, judging by the results of WA Business News' annual total shareholder return survey.
Gindalbie Metals Ltd has moved to substantially expand the scope of its iron ore business with the commencement of a feasibility study on increasing the start-up production rate of the Karara Magnetite Project from 8mt/annum to 12mt/annum.
Gindalbie Metals Ltd's biggest shareholder has taken legal action to block the sale of 32 million shares, or more than six per cent of its issued capital, that is caught up in the collapse of Melbourne stockbroking firm Opes Prime.
Aspiring iron ore miner Gindalbie Metals Ltd has disclosed that it may need to modify its start-up mining plans because of environmental issues associated with its $1.8 billion Karara project in the Mid West region.
Iron ore developers Gindalbie Resources Ltd and Sundance Resources Ltd confirmed today they would not be proceeding with their planned $2.4 billion merger after shareholders and institutions rejected the concept.
The rush to consolidate the minerals services sector continues unabated, with Cardno Ltd buying Buckland Engineers Australia, while Leighton Holdings Ltd negotiates to acquire Australian Mine Services Pty Ltd.
Gindalbie Metals Ltd is set to become Australia's next major iron ore producer after signing a joint venture development agreement with a major Chinese steel producer in the presence of China's President Hu Jintao and Prime Minister John Howard.
China's stake in mid-west iron ore development has increased with iron ore miner Midwest Corporation teaming with China-backed Yilgarn Infrastructure to progress the Oakajee Port and Rail project.
GINDALBIE Metals Ltd has deferred the expected completion of the bankable feasibility study for its Karara iron ore project by six months to August 2007 but is still aiming to commence production by l
Gindalbie Metals Ltd has deferred the expected completion of the bankable feasibility study for its Karara iron ore project by six months to August 2007 but is still aiming to commence production by late 2009.
Perth-based gold explorer Gindalbie Metals Ltd has signed two agreements with the Geraldton Port Authority for access to facilities for the export of iron products from the Karara Iron Ore joint venture.
West Perth iron ore company Gindalbie Metals Ltd will locate the company's pellet plant in China, rejecting a series of Western Australian options and fuelling speculation of a renewed focus on magnetite iron ore in WA.
Aspiring iron ore producer Gindalbie Metals Ltd's Karara iron ore project in Western Australia's mid west region has taken a major step forward with agreement for a $33 million capital raising.
GINDALBIE Metals will undertake a fully underwritten $9.5 million rights issue to aid exploration and development plans for its Blue Hills iron ore project in Western Australia.
Former gold miner Gindalbie Gold's plans to mine iron ore near Geraldton have received a boost with a Malaysian steel company taking a significant stake in the company.
