News Articles for Sinosteel

Fortescue is still mulling a stake in Sinosteel's $9.7 billion Oakajee port, rail, and iron ore mine nearly two years after it began a “rapid” study into the long-stalled project.

John Welborn-chaired Fenix Resources has struck a deal with an offshoot of the world's largest steel producer to mine and export up to 10 million tonnes of iron ore from the Mid West.

Fortescue Metals Group has continued to surprise the market with its ambitious plans, striking an agreement with Sinosteel to evaluate a magnetite mine in the Mid West and a port at Oakajee.

Mount Gibson Iron's Shine project in the Mid West could become the fourth iron ore mine to halt operations this month after the company called a trading halt.

Real estate funds manager Primewest has signed mining software company Micromine and Sinosteel as new tenants at 251 St Georges Terrace.

Shares in Fenix Resources have hit a nine-year high after the company struck an agreement to export iron ore from the Port of Geraldton.

The refusal to allow Clive Palmer into WA on public health grounds seems out of step with decisions relating to other high-profile businessmen.

Minister for Ports and Regional Development Alannah MacTiernan says a multi-billion dollar Oakajee port and rail project is unnecessary and Sinosteel's Midwest general manger said there were no guarantees the company would push ahead with the project.

Plans announced last month by a private Chinese group to revive the multi-billion dollar Oakajee port project add a new twist to a 45-year saga.

Australian businesses can be confident that strong personal relationships with their partners in China can help overcome any short-term problems between the governments of the two countries, according to two local business executives with close ties to the Asian powerhouse.