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    market news

    Australian govt. backing supports iron

    Melissa Pistilli
    May. 14, 2009 09:35AM PST
    Market News

    Iron Investing News reports iron is supported by the Australian government. Shares in WA’s mid-west iron ore miners and explorers lifted after the Federal Government committed $339 million towards the $4 billion Oakajee port. The government matched funding offered by the WA state government in its 2009/10 federal budget handed down on Tuesday, bringing the …

    Iron Investing News reports iron is supported by the Australian government.

    Shares in WA’s mid-west iron ore miners and explorers lifted after the Federal Government committed $339 million towards the $4 billion Oakajee port. The government matched funding offered by the WA state government in its 2009/10 federal budget handed down on Tuesday, bringing the total government commitment to $678 million.

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