19 August 2008
ASX ANNOUNCEMENTS PLATFORM
TILLEY SIDING RAIL INSTALLATION CONTRACT AWARDED
Midwest Corporation (?Midwest?) (ASX:MIS) announces that the contract for the rail siding installation at Tilley Siding has been awarded with work to be completed before the end of October 2008.
WestNet Rail Pty Ltd is anticipated to commence on-site works on or near 8 September for a six week construction project. Rail has already been delivered to the site.
Midwest Chief Executive Bryan Oliver said the cost of the rail installation contract is almost $3 million and follows a competitive tender process.
?This contract is the final step in moving Midwest haulage from road to rail. Midwest already has 64 rail wagons and all track materials. The completion of the road to rail transition will be welcomed by everyone involved?, Mr. Oliver said.
Midwest now looks forward to receiving approvals from the State Government to enable mining operations to begin at Koolanooka and for Midwest to resume ore shipments from the Geraldton port.
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For further information, please contact:
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Martin Debelle |
Warrick Hazeldine |
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CItadel |
Purple Communications |
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Phone: + 61 2 9290 3023 |
Phone: + 61 8 9485 1254 |
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Mobile: + 61 409 911 189 |
Mobile: + 61 417 944 616 |
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Midwest Corporation Limited
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EXPLORATION STAGE |
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CODE : MIS.AX |
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ISIN : AU000000MIS3 |
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Midwest is a iron development stage company based in Australia. Its main exploration property is WELD RANGE in Australia. Midwest is listed in Australia. Its market capitalisation is AU$ 1.5 billions as of today (US$ 1.2 billions, € 795.0 millions). Its stock quote reached its lowest recent point on September 26, 2003 at AU$ 0.19, and its highest recent level on May 30, 2008 at AU$ 7.10. Midwest has 231 384 793 shares outstanding. |