Compelling reasons for Chinese interest

摘要

LATE LAST YEAR South Australia's sibling iron ore sector received a shot in the arm when China's third largest steel producer made it clear it wanted to invest in an Adelaide-based junior with some prospective land along the Eyre Peninsula. Centrex Metals Ltd's managing director Gerard Anderson said there were a number of compelling reasons why Wuhan Iron and Steel (Group) Company (WISCO) was keen to pump up to 180 million dollars into the exploration house in order to earn a half share in five of the company's 15 iron ore tenements.