News

Issue No. 50 - December/ /

Centrex weclomes FIRB approval for $271m Chinese Investment

The Federal Government’s Foreign Investment Review Board approved Wuhan Iron and Steel Company’s $271 million investment in Adelaide-based iron ore developer, Centrex Metals.

The unconditional FIRB decision cleared the way for WISCO, China’s third-largest steel group, to earn a 60% stake in the iron ore rights to five Centrex-owned tenements on South Australia’s southern Eyre Peninsula.

WISCO will earn its interest in the iron ore rights by taking a direct equity stake o...

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