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style+AD0-'mso-spacerun:yes'+AD4AJg-nbsp+ADsAPA-/span+AD4-Proposed share placement to +ADw-span
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class+AD0-GramE+AD4-A+ACQAPA-/span+AD4-0.85 per share.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4-
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style+AD0-'mso-spacerun:yes'+AD4AJg-nbsp+ADsAPA-/span+AD4-Issue price represents a 105+ACU- premium to
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style+AD0-'font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4-
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poised to make final equity contribution of +ADw-span class+AD0-GramE+AD4-A+ACQAPA-/span+AD4-143.68
million to +ADw-span class+AD0-SpellE+AD4-Karara+ADw-/span+AD4-. +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4-
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style+AD0-'font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4-
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style+AD0-'mso-spacerun:yes'+AD4AJg-nbsp+ADsAPA-/span+AD4-Reduces funding risk and leaves +ADw-span
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environment.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4-
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lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4-Gindalbie+ADw-/span+AD4APA-/span+AD4APA-span
lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4-
Metals Limited (ASX: +ADw-span class+AD0-GramE+AD4-GBG ?+ADw-/span+AD4- ?+ADw-span class+AD0-SpellE+AD4-Gindalbie+ADw-/span+AD4-?)
is pleased to announce that it has accepted an offer by its joint venture
partner in the +ADw-span class+AD0-SpellE+AD4-Karara+ADw-/span+AD4- Iron Ore Project, Anshan Iron
+ACY-amp+ADs- Steel Group Corporation (?+ADw-span class+AD0-SpellE+AD4-AnSteel+ADw-/span+AD4-?), to fund +ADw-span
class+AD0-SpellE+AD4-Gindalbie?s+ADw-/span+AD4- share of the equity contribution towards the
estimated A+ACQ-1.8 billion project development cost via a A+ACQ-162.06 million share
placement to +ADw-span class+AD0-SpellE+AD4-Ansteel+ADw-/span+AD4- to be undertaken at an issue
price of A+ACQ-0.85 per share (?Placement?).+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4-
+ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-margin-right:-25.4pt+ADs-
mso-margin-bottom-alt:auto+ADs-text-align:justify'+AD4APA-span lang+AD0-EN-GB
style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4-
+ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-margin-right:-25.4pt+ADs-
mso-margin-bottom-alt:auto+ADs-text-align:justify'+AD4APA-span lang+AD0-EN-GB
style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4-The issue
price represents a premium of 105+ACU- to the closing price of +ADw-span class+AD0-SpellE+AD4-Gindalbie+ADw-/span+AD4-
shares on 31 October, and a 74+ACU- premium to the volume weighted average price
(VWAP) of +ADw-span class+AD0-SpellE+AD4-Gindalbie+ADw-/span+AD4- shares for the 30 days up until
31 October 2008.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4-
+ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-margin-right:-25.4pt+ADs-
mso-margin-bottom-alt:auto+ADs-text-align:justify'+AD4APA-span lang+AD0-EN-GB
style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4-
+ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-margin-right:-25.4pt+ADs-
mso-margin-bottom-alt:auto+ADs-text-align:justify'+AD4APA-span lang+AD0-EN-GB
style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4-The proposed
Placement, which is subject to execution of formal agreements, shareholder and
regulatory approval, represents a further significant vote of confidence by +ADw-span
class+AD0-SpellE+AD4-AnSteel+ADw-/span+AD4-, both in the Project and in +ADw-span class+AD0-SpellE+AD4-Gindalbie+ADw-/span+AD4-
as an +ADw-span class+AD0-GramE+AD4-emerging+ADw-/span+AD4-, independent Australian iron ore
producer.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4-
+ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-margin-right:-25.4pt+ADs-
mso-margin-bottom-alt:auto+ADs-text-align:justify'+AD4APA-span lang+AD0-EN-GB
style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4-
+ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-margin-right:-25.4pt+ADs-
mso-margin-bottom-alt:auto+ADs-text-align:justify'+AD4APA-span lang+AD0-EN-GB
style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4-Following
completion of the Placement and the final equity contribution to the joint
venture company +ADw-span class+AD0-SpellE+AD4-Karara+ADw-/span+AD4- Mining Limited, +ADw-span
class+AD0-SpellE+AD4-AnSteel+ADw-/span+AD4- will have invested a total of +ACQ-573.1 million by way
of +ADw-span class+AD0-SpellE+AD4-Gindalbie+ADw-/span+AD4- placements and +ADw-span class+AD0-SpellE+AD4-Karara+ADw-/span+AD4-
Project equity contributions.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4-
+ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-margin-right:-25.4pt+ADs-
mso-margin-bottom-alt:auto+ADs-text-align:justify'+AD4APA-span lang+AD0-EN-GB
style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4-
+ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-margin-right:-25.4pt+ADs-
mso-margin-bottom-alt:auto+ADs-text-align:justify'+AD4APA-span class+AD0-SpellE+AD4APA-span
lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4-Gindalbie+ADw-/span+AD4APA-/span+AD4APA-span
lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4-
had previously exercised its right, under the terms of the +ADw-span class+AD0-SpellE+AD4-Karara+ADw-/span+AD4-
Joint Venture Development Agreement (JVDA), to request +ADw-span class+AD0-SpellE+AD4-AnSteel+ADw-/span+AD4-
to arrange finance for +ADw-span class+AD0-SpellE+AD4-Gindalbie?s+ADw-/span+AD4- share of the
equity contributions to the Project. +ADw-span class+AD0-SpellE+AD4-AnSteel+ADw-/span+AD4-
subsequently responded to +ADw-span class+AD0-SpellE+AD4-Gindalbie+ADw-span class+AD0-GramE+AD4-?s+ADw-/span+AD4APA-/span+AD4-
request to provide equity funding via the Placement. As a result of the
significant decline in global equity and credit markets in recent months, +ADw-span
class+AD0-SpellE+AD4-Gindalbie+ADw-span class+AD0-GramE+AD4-?s+ADw-/span+AD4APA-/span+AD4- Board has unanimously
decided that it is in the best interests of +ADw-span class+AD0-SpellE+AD4-Gindalbie+ADw-/span+AD4-
shareholders to de-risk the +ADw-span class+AD0-SpellE+AD4-Company?s+ADw-/span+AD4- balance sheet
and accept the offer of the Placement. +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4-
+ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-margin-right:-25.4pt+ADs-
mso-margin-bottom-alt:auto+ADs-text-align:justify'+AD4-+ADw-span lang+AD0-EN-GB
style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4-
+ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-margin-right:-25.4pt+ADs-
mso-margin-bottom-alt:auto+ADs-text-align:justify'+AD4APA-span lang+AD0-EN-GB
style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4-The
Placement will comprise 190,658,824 shares to be issued at a price of +ADw-span
class+AD0-GramE+AD4-A+ACQAPA-/span+AD4-0.85 per share, to raise A+ACQ-162.06 million. The proposed
share placement is subject to execution of formal agreements, approval by +ADw-span
class+AD0-SpellE+AD4-Gindalbie+ADw-/span+AD4- shareholders, which will be sought at a meeting
to be convened as soon as practicable, approval by the Foreign Investment
Review Board and Chinese regulatory approvals. +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4-
+ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-margin-right:-25.4pt+ADs-
mso-margin-bottom-alt:auto+ADs-text-align:justify'+AD4APA-span lang+AD0-EN-GB
style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4-
+ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-margin-right:-25.4pt+ADs-
mso-margin-bottom-alt:auto+ADs-text-align:justify'+AD4APA-span lang+AD0-EN-GB
style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4-Following
completion of the share placement, +ADw-span class+AD0-SpellE+AD4-Gindalbie+ADw-/span+AD4- will
have 704,637,674 shares on issue and +ADw-span class+AD0-SpellE+AD4-AnSteel+ADw-/span+AD4- will
increase its total shareholding to 255,658,824 shares, representing a holding
of 36.28+ACU- (compared with 12.6+ACU- currently).+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4-
+ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-margin-right:-25.4pt+ADs-
mso-margin-bottom-alt:auto+ADs-text-align:justify'+AD4APA-span lang+AD0-EN-GB
style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4-
+ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-margin-right:-25.4pt+ADs-
mso-margin-bottom-alt:auto+ADs-text-align:justify'+AD4APA-span lang+AD0-EN-GB
style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4-Under the
agreed payment schedule for equity payments, +ADw-span class+AD0-SpellE+AD4-AnSteel+ADw-/span+AD4-
has made three payments to date +ADw-span class+AD0-SpellE+AD4-totaling+ADw-/span+AD4- +ADw-span
class+AD0-GramE+AD4-A+ACQAPA-/span+AD4-228.4 million and +ADw-span class+AD0-SpellE+AD4-Gindalbie+ADw-/span+AD4- has
made one payment of A+ACQ-18.4 million. +ADw-span class+AD0-SpellE+AD4-Gindalbie+ADw-/span+AD4- and +ADw-span
class+AD0-SpellE+AD4-Ansteel+ADw-/span+AD4- have agreed to re-schedule the final contributions
of +ADw-span class+AD0-GramE+AD4-A+ACQAPA-/span+AD4-143.68 million each. +ADw-span class+AD0-SpellE+AD4-AnSteel+ADw-/span+AD4-
has advised +ADw-span class+AD0-SpellE+AD4-Gindalbie+ADw-/span+AD4- that it has the funds available
in +ADw-u1:place u2:st+AD0AIg-on+ACIAPgA8-u1:country-region u2:st+AD0AIg-on+ACIAPgA8-st1:country-region
w:st+AD0AIg-on+ACIAPgA8-st1:place w:st+AD0AIg-on+ACIAPg-Australia+ADw-/u1:country-region+AD4APA-/u1:place+AD4APA-/st1:place+AD4APA-/st1:country-region+AD4-
to make its remaining equity contribution to +ADw-span class+AD0-SpellE+AD4-Karara+ADw-/span+AD4-
Mining Limited and the timing will be finalised during the completion of the
placement documentation. +ADw-span class+AD0-SpellE+AD4-Gindalbie+ADw-/span+AD4- will make its
final contribution upon shareholder approval of the +ADw-span class+AD0-SpellE+AD4-AnSteel+ADw-/span+AD4-
placement.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4-
+ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-margin-right:-25.4pt+ADs-
mso-margin-bottom-alt:auto+ADs-text-align:justify'+AD4APA-span lang+AD0-EN-GB
style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4-
+ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-margin-right:-25.4pt+ADs-
mso-margin-bottom-alt:auto+ADs-text-align:justify'+AD4APA-span class+AD0-SpellE+AD4APA-span
lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4-Karara+ADw-/span+AD4APA-/span+AD4APA-span
lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4-
Mining Limited currently has approximately +ADw-span class+AD0-GramE+AD4-A+ACQAPA-/span+AD4-190
million in cash reserves from earlier equity payments, and the re-scheduled
timeframe will have no impact on the ongoing engineering, design and
development work currently being carried out for +ADw-span class+AD0-SpellE+AD4-Karara+ADw-/span+AD4-.
+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4-
+ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-margin-right:-25.4pt+ADs-
mso-margin-bottom-alt:auto+ADs-text-align:justify'+AD4APA-span lang+AD0-EN-GB
style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4-
+ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-margin-right:-25.4pt+ADs-
mso-margin-bottom-alt:auto+ADs-text-align:justify'+AD4APA-span class+AD0-GramE+AD4APA-span
lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4-?This+ADw-/span+AD4APA-/span+AD4APA-span
lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4-
represents another very significant milestone for the +ADw-span class+AD0-SpellE+AD4-Karara+ADw-/span+AD4-
Joint Venture and an enormous achievement in the current difficult market
environment,? +ADw-span class+AD0-GramE+AD4-said+ADw-/span+AD4- +ADw-span class+AD0-SpellE+AD4-Gindalbie?s+ADw-/span+AD4-
Chairman, Mr George Jones. +ADw-span class+AD0-GramE+AD4-?I+ADw-/span+AD4- would like to take this
opportunity to thank +ADw-span class+AD0-SpellE+AD4-AnSteel+ADw-/span+AD4- for their unwavering
support of +ADw-span class+AD0-SpellE+AD4-Gindalbie+ADw-/span+AD4- and the +ADw-span class+AD0-SpellE+AD4-Karara+ADw-/span+AD4-
Project.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4-
+ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-margin-right:-25.4pt+ADs-
mso-margin-bottom-alt:auto+ADs-text-align:justify'+AD4APA-span lang+AD0-EN-GB
style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4-
+ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-margin-right:-25.4pt+ADs-
mso-margin-bottom-alt:auto+ADs-text-align:justify'+AD4APA-span class+AD0-GramE+AD4APA-span
lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4-?This+ADw-/span+AD4APA-/span+AD4APA-span
lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4-
should be seen as a very clear message of confidence to all Government agencies
and contractors dealing with +ADw-span class+AD0-SpellE+AD4-Gindalbie+ADw-/span+AD4- on +ADw-span
class+AD0-SpellE+AD4-Karara+ADw-/span+AD4-. This reinforces the true spirit of partnership between
our two organisations and our shared commitment and vision to deliver a major
new iron ore project for the Mid West region of +ADw-u1:place u2:st+AD0AIg-on+ACIAPgA8-u1:State u2:st+AD0AIg-on+ACIAPgA8-st1:State
w:st+AD0AIg-on+ACIAPgA8-st1:place w:st+AD0AIg-on+ACIAPg-Western Australia+ADw-/u1:State+AD4APA-/u1:place+AD4APA-/st1:place+AD4APA-/st1:State+AD4-.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4-
+ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-margin-right:-25.4pt+ADs-
mso-margin-bottom-alt:auto+ADs-text-align:justify'+AD4APA-span lang+AD0-EN-GB
style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4-
+ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-margin-right:-25.4pt+ADs-
mso-margin-bottom-alt:auto+ADs-text-align:justify'+AD4APA-span class+AD0-GramE+AD4APA-span
lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4-?While+ADw-/span+AD4APA-/span+AD4APA-span
lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4-
we acknowledge that the issue of new equity represents a movement from our
original strategy, it is being undertaken at a time of uncertainty in the +ADw-span
class+AD0-SpellE+AD4-world?s+ADw-/span+AD4- credit markets where even large blue chip
organisations are struggling with refinancing,? Mr Jones continued. +ADw-span
class+AD0-GramE+AD4-?It+ADw-/span+AD4- is at a substantial premium to the current market price
and to an existing cornerstone shareholder who is intimately involved with the
Company and the Project as our Joint Venture partner. +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4-
+ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-margin-right:-25.4pt+ADs-
mso-margin-bottom-alt:auto+ADs-text-align:justify'+AD4APA-span lang+AD0-EN-GB
style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4-
+ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-margin-right:-25.4pt+ADs-
mso-margin-bottom-alt:auto+ADs-text-align:justify'+AD4APA-span class+AD0-GramE+AD4APA-span
lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4-?This+ADw-/span+AD4APA-/span+AD4APA-span
lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4-
arrangement means +ADw-span class+AD0-SpellE+AD4-Gindalbie+ADw-/span+AD4- will remain debt-free at
a corporate level and with cash reserves approximately A+ACQ-40 million. This puts
us in a very strong position for the development of +ADw-span class+AD0-SpellE+AD4-Karara+ADw-/span+AD4-
and also our plans to develop other iron ore projects across our 1900 sq km
tenement holding in the Mid West+ADw-span class+AD0-GramE+AD4-,?+ADw-/span+AD4- +ADw-span class+AD0-GramE+AD4-he+ADw-/span+AD4-
added.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4-
+ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs-
margin-left:198.0pt'+AD4APA-b+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:
Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4-
+ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs-
margin-left:378.0pt+ADs-text-indent:18.0pt'+AD4APA-b+AD4APA-span style+AD0-'font-size:10.0pt+ADs-
font-family:Georgia'+AD4-- ENDS -+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4-
+ADw-p class+AD0-MsoNormal align+AD0-center style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:
auto+ADs-margin-left:18.0pt+ADs-text-align:center'+AD4APA-b+AD4APA-span style+AD0-'font-size:9.0pt+ADs-
font-family:Georgia'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4-
+ADw-p class+AD0-MsoNormal align+AD0-center style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:
auto+ADs-margin-left:18.0pt+ADs-text-align:center'+AD4APA-b+AD4APA-span style+AD0-'font-size:9.0pt+ADs-
font-family:Georgia'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4-
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is well advanced towards achieving its vision of becoming a leading independent
Australian iron ore company with a diversified portfolio of magnetite and
hematite production assets, located in the Mid West region of +ADw-u1:place u2:st+AD0AIg-on+ACIAPgA8-u1:State u2:st+AD0AIg-on+ACIAPgA8-st1:State
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Iron Ore Project, located 225km east of +ADw-span class+AD0-SpellE+AD4-Geraldton+ADw-/span+AD4-,
where it will deliver initial production of Direct Shipping Ore (DSO) hematite
in 2009 to be followed by production of high grade magnetite concentrate and
blast furnace quality pellets in 2010. +ADw-span class+AD0-SpellE+AD4-Karara+ADw-/span+AD4- is
being developed through a 50:50 Joint Venture with +ADw-span class+AD0-SpellE+AD4-Ansteel+ADw-/span+AD4-,
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longer term growth will be propelled by the exploration and development of its
extensive 1,900 sq km tenement portfolio, which includes numerous prospective
magnetite and hematite exploration targets expected to deliver a long-term
pipeline of growth opportunities. +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4-
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is currently one of +ADw-span class+AD0-SpellE+AD4-China?s+ADw-/span+AD4- largest steel producers
and is the major producer in the north-east region of China, with crude steel
production of 22 million tonnes, annual sales revenues in excess of US+ACQ-11
billion and a profit of approximately US+ACQ-1.5 billion in 2006. +ADw-span
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key growth companies and has strong government support in securing new sources
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is developing a new integrated iron and steel making facility at +ADw-span
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approximately 100km south-west of its current steel making facility in the city
of +ADw-u1:place u2:st+AD0AIg-on+ACIAPgA8-u1:City u2:st+AD0AIg-on+ACIAPgA8-st1:City w:st+AD0AIg-on+ACIAPgA8-st1:place
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will have the capacity of 6.5Mtpa of finished steel products and is the
facility that the +ADw-span class+AD0-SpellE+AD4-Karara+ADw-/span+AD4- products will feed upon
commencement of production.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4-
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Gindalbie Metals Ltd
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PRODUCTEUR |
CODE : GBG.AX |
ISIN : AU000000GBG5 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Gindalbie Metals est une société de production minière de cuivre et de molybdène basée en Australie. Gindalbie Metals est productrice de cuivre, de molybdène, de fer en Autriche, et détient divers projets d'exploration en Autriche. Son principal projet en production est KARARA en Autriche. Gindalbie Metals est cotée en Australie et en Allemagne. Sa capitalisation boursière aujourd'hui est 43,4 millions AU$ (30,4 millions US$, 27,3 millions €). La valeur de son action a atteint son plus haut niveau récent le 21 janvier 2011 à 1,45 AU$, et son plus bas niveau récent le 15 janvier 2016 à 0,01 AU$. Gindalbie Metals possède 1 496 509 952 actions en circulation. |