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Chinese miner takes 10% stake in FerrAus

ADOPTING the latest strategy of edging into Australia's iron industry by purchasing chunks of Aus...

MiningNews.Net
Chinese miner takes 10% stake in FerrAus

Western Mining will purchase up to 15.86 million shares at $1.15 each in FerrAus for a 10% interest in the Adelaide-based iron explorer. "FerrAus welcomes WMC's [Western Mining] first investment in...

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