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Cairn Hill JV back on track

ALL is well again with IMX Resources and its JV partner Taifeng Yuanchuang International Development Co after the Chinese company paid the $A4.12 million it owed IMX for the Cairn Hill iron ore mine.

Kristie Batten
Cairn Hill JV back on track

The payment for the South Australia mine was due on November 28 as part of a heads of agreement struck in late 2009. But Taifeng failed to pay, prompting IMX to write to the company demanding payment...

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