WA Junior to Develop Iron Ore Mine

- October 15th, 2013

ABC News reports that West Australian junior miner Mindax (ASX:MDX) has struck a $52 million deal with a Hong Kong company to develop its Goldfields iron ore mine.

ABC News reports that West Australian junior miner Mindax (ASX:MDX) has struck a $52 million deal with a Hong Kong company to develop its Goldfields iron ore mine.

As quoted in the market news:

Under the deal, Hong Kong based Perpetual Mining will take a 51 per cent operational stake in Mindax’s Mt Forrest project.

The money will be paid as the mine reaches development milestones.

Click here for the full article in ABC News

Tags

Tags:

Leave a Reply