CAPITAL MARKETS

Investors welcome Midwest back to the bourse

MIDWEST Corp has had a strong return to trading on the Australian Stock Exchange, closing at a 12.5% premium to its 20c a share capital raising which closed heavily oversubscribed last month, adding $7 million to the former Kingstream Steel's coffers.

Greg Tubby

Investors welcome Midwest back to the bourse

"It's obviously early days, but it's a great result," Midwest managing director Steven de Belle told MiningNews.net. Booming Chinese demand has resulted in a surge of interest in iron ore, with Rio Tinto...

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