News

Issue No. 49 - October/November 2009

FerrAus strikes strategic alliance with China rail supplier

Adelaide-based iron ore developer, FerrAus Limited has executed two “watershed agreements’ with China-based state owned railway material supplier, China Railway Materials.

The enterprises have signed a Share Subscription Agreement, a Cooperation and Support Agreement and a non-binding Strategic Alliance Agreement.

Under the terms of the agreement, the Share Subscription Agreement provides for a placement to usage parameter control, equal to 12% of...

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