Australia’s Rinehart nears $7.8bn mine finance deal
Sydney: Australian billionaire Gina Rinehart’s Roy Hill iron ore project is close to finalising a $7.8 billion financing deal, sources said, a vital step towards an end-2015 start for the giant mine in Western Australia’s iron-rich Pilbara district.
The 55-million tonnes-a-year project, which would make Roy Hill Australia’s fourth-largest iron ore producer, will add to hefty new supplies coming on line from Rio Tinto, BHP Billiton and Fortescue Metals Group.
Read more at: http://www.dailytimes.com.pk/business/27-Feb-2014/australia-s-rinehart-nears-7-8bn-mine-finance-deal
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