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style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs- mso-ansi-language:EN-GB'+AD4-Formal commitment received from China Development Bank for the Karara Project Loan Facility up to US+ACQ-1.2 billion. +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'margin-top:0cm+ADs-margin-right:-25.4pt+ADs-margin-bottom: 0cm+ADs-margin-left:18.0pt+ADs-margin-bottom:.0001pt+ADs-text-align:justify+ADs-text-indent: -18.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-font-family:Symbol'+AD4-?+ADw-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:7.0pt+ADs-mso-ansi-language:EN-GB'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ADw-/span+AD4APA-b+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs- mso-ansi-language:EN-GB'+AD4-Term sheet negotiations underway for a long term project loan.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'margin-top:0cm+ADs-margin-right:-25.4pt+ADs-margin-bottom: 0cm+ADs-margin-left:-18.0pt+ADs-margin-bottom:.0001pt+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-'margin-top:0cm+ADs-margin-right:-25.4pt+ADs-margin-bottom: 0cm+ADs-margin-left:-18.0pt+ADs-margin-bottom:.0001pt+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-Gindalbie Metals Limited +ADw-b+AD4-(ASX: GBG +ADw-/b+AD4-? ?Gindalbie?) is pleased to report a further significant achievement in the funding process for the +ADw-b+AD4-Karara Iron Ore Project+ADw-/b+AD4- in Western Australia with the announcement of conditional approval by the China Development Bank (CDB) for up to +ADw-b+AD4-US+ACQ-1.2 billion+ADw-/b+AD4- for the Karara Project Loan. The commitment follows the completion of due diligence on the Karara Project by the CDB during 2008 followed by approval from CDB?s Loan Review Committee. +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'margin-top:0cm+ADs-margin-right:-25.4pt+ADs-margin-bottom: 0cm+ADs-margin-left:-18.0pt+ADs-margin-bottom:.0001pt+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-'margin-top:0cm+ADs-margin-right:-25.4pt+ADs-margin-bottom: 0cm+ADs-margin-left:-18.0pt+ADs-margin-bottom:.0001pt+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-CDB is one of the most important and largest banks in +ADw-u1:country-region u2:st+AD0AIg-on+ACIAPg-China+ADw-/u1:country-region+AD4- which has funded a number of major infrastructure projects in +ADw-u1:country-region u2:st+AD0AIg-on+ACIAPg-China+ADw-/u1:country-region+AD4- including the Three Gorges Dam, railways, roads and +ADw-u1:place u2:st+AD0AIg-on+ACIAPgA8-u1:City u2:st+AD0AIg-on+ACIAPg-Beijing+ADw-/u1:City+AD4APA-/u1:place+AD4-?s new airport. +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'margin-top:0cm+ADs-margin-right:-25.4pt+ADs-margin-bottom: 0cm+ADs-margin-left:-18.0pt+ADs-margin-bottom:.0001pt+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-'margin-top:0cm+ADs-margin-right:-25.4pt+ADs-margin-bottom: 0cm+ADs-margin-left:-18.0pt+ADs-margin-bottom:.0001pt+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 loan commitment at this stage of the funding process is consistent with the normal procedure followed by Chinese banks. The final approval in the process is subject to receiving environmental approvals in +ADw-u1:place u2:st+AD0AIg-on+ACIAPgA8-u1:State u2:st+AD0AIg-on+ACIAPg-Western Australia+ADw-/u1:State+AD4APA-/u1:place+AD4-, finalising equity contributions into Karara, a confirming valuation report and successful detailed term sheet negotiations which are currently under discussion.+ACY-nbsp+ADs- +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'margin-top:0cm+ADs-margin-right:-25.4pt+ADs-margin-bottom: 0cm+ADs-margin-left:-18.0pt+ADs-margin-bottom:.0001pt+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-'margin-top:0cm+ADs-margin-right:-25.4pt+ADs-margin-bottom: 0cm+ADs-margin-left:-18.0pt+ADs-margin-bottom:.0001pt+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-In addition, CDB have formed a dedicated team working on syndication negotiations with a number of Chinese Domestic and International Banks.+ACY-nbsp+ADs- Gindalbie and Ansteel are working with CDB towards finalising the debt structure in the first half of 2009. +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'margin-top:0cm+ADs-margin-right:-25.4pt+ADs-margin-bottom: 0cm+ADs-margin-left:-18.0pt+ADs-margin-bottom:.0001pt+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-'margin-top:0cm+ADs-margin-right:-25.4pt+ADs-margin-bottom: 0cm+ADs-margin-left:-18.0pt+ADs-margin-bottom:.0001pt+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-Another key component of funding for the Karara Project that is nearing completion is the A+ACQ-534.1 million equity funding package. +ACY-nbsp+ADs-AnSteel have made three payments to date totaling A+ACQ-228.4 million and Gindalbie one payment totaling A+ACQ-18.38 million. The final payments of A+ACQ-143.68 million each, are due to be made during the first half of 2009.+ADw-b+AD4- +ADw-o:p+AD4APA-/o:p+AD4APA-/b+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'margin-top:0cm+ADs-margin-right:-25.4pt+ADs-margin-bottom: 0cm+ADs-margin-left:-18.0pt+ADs-margin-bottom:.0001pt+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-'margin-top:0cm+ADs-margin-right:-25.4pt+ADs-margin-bottom: 0cm+ADs-margin-left:-18.0pt+ADs-margin-bottom:.0001pt+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-Gindalbie?s final equity contribution will be funded through a A+ACQ-162.06 million share placement comprising 190.7 million shares at 85 cents each to AnSteel. This share placement is subject to approval by shareholders at a meeting which has been convened for 4 February 2009.+ACY-nbsp+ADs- At completion of the share placement, the Karara Joint Venture will have approximately A+ACQ-400m in cash.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'margin-top:0cm+ADs-margin-right:-25.4pt+ADs-margin-bottom: 0cm+ADs-margin-left:-18.0pt+ADs-margin-bottom:.0001pt+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-'margin-top:0cm+ADs-margin-right:-25.4pt+ADs-margin-bottom: 0cm+ADs-margin-left:-18.0pt+ADs-margin-bottom:.0001pt+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-Gindalbie?s Chairman, Mr George Jones, said the formal project loan approval represented a key milestone for the Joint Venture, reinforcing the strategic importance of Gindalbie?s relationship with AnSteel and their commitment to secure project financing. +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'margin-top:0cm+ADs-margin-right:-25.4pt+ADs-margin-bottom: 0cm+ADs-margin-left:-18.0pt+ADs-margin-bottom:.0001pt+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-'margin-top:0cm+ADs-margin-right:-25.4pt+ADs-margin-bottom: 0cm+ADs-margin-left:-18.0pt+ADs-margin-bottom:.0001pt+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 financial strength of AnSteel, which is owned by the Chinese Government, underpins this debt structure which is being provided by +ADw-u1:place u2:st+AD0AIg-on+ACIAPgA8-u1:country-region u2:st+AD0AIg-on+ACIAPg-China+ADw-/u1:country-region+AD4APA-/u1:place+AD4-?s most important bank,? Mr Jones said. ?Because of the size and scale of AnSteel, and their relationship with CDB, the joint venture is in a privileged and unique position in being able to receive formal commitment given the current global credit market+ADw-span style+AD0-'color:black'+AD4-.?+ADw-/span+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'margin-top:0cm+ADs-margin-right:-25.4pt+ADs-margin-bottom: 0cm+ADs-margin-left:-18.0pt+ADs-margin-bottom:.0001pt+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-'margin-top:0cm+ADs-margin-right:-25.4pt+ADs-margin-bottom: 0cm+ADs-margin-left:-18.0pt+ADs-margin-bottom:.0001pt+ADs-text-align:justify'+AD4APA-span lang+AD0-EN-GB 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class+AD0-MsoNormal align+AD0-right style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt: auto+ADs-text-align:right'+AD4APA-b+AD4APA-span style+AD0-'font-size:9.0pt+ADs-font-family:Georgia'+AD4APA-a href+AD0AIg-http://www.gindalbie.com.au/+ACIAPg-www.gindalbie.com.au+ADw-/a+AD4- +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-/div+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span style+AD0-'font-size:9.0pt'+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-mso-margin-bottom-alt:auto+ADs- margin-left:-18.0pt'+AD4APA-b+AD4APA-u+AD4APA-span style+AD0-'font-size:9.0pt+ADs-font-family:Georgia'+AD4APA-o:p+AD4APA-span style+AD0-'text-decoration:none'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/o:p+AD4APA-/span+AD4APA-/u+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:-18.0pt'+AD4APA-b+AD4APA-u+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:9.0pt+ADs-font-family: Georgia+ADs-mso-ansi-language:EN-GB'+AD4-About Gindalbie Metals Ltd (ASX: GBG) +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/u+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:-18.0pt'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:9.0pt+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-mso-margin-bottom-alt:auto+ADs- margin-left:-18.0pt+ADs-text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:9.0pt+ADs- font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4-Gindalbie 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+ACIAPg-Western Australia+ADw-/u1:State+AD4APA-/u1:place+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-mso-margin-bottom-alt:auto+ADs- margin-left:-18.0pt+ADs-text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:9.0pt+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-mso-margin-bottom-alt:auto+ADs- margin-left:-18.0pt+ADs-text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:9.0pt+ADs- font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4-The initial focus of Gindalbie?s growth strategy is the Karara Iron Ore Project, located 225km east of Geraldton, 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. Karara is being developed through a 50:50 Joint Venture with Ansteel, one of +ADw-u1:place u2:st+AD0AIg-on+ACIAPgA8-u1:country-region u2:st+AD0AIg-on+ACIAPg-China+ADw-/u1:country-region+AD4APA-/u1:place+AD4-?s leading steel and iron ore producers. +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:-18.0pt+ADs-text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:9.0pt+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-mso-margin-bottom-alt:auto+ADs- margin-left:-18.0pt+ADs-text-align:justify'+AD4APA-span class+AD0-SpellE+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:9.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4-Gindalbie?s+ADw-/span+AD4APA-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:9.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4- 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- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- margin-left:-18.0pt+ADs-text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:9.0pt+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-mso-margin-bottom-alt:auto+ADs- margin-left:-18.0pt+ADs-text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:9.0pt+ADs- font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4AJg-nbsp+ADsAPA-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:-18.0pt'+AD4APA-b+AD4APA-u+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:9.0pt+ADs-font-family: Georgia+ADs-mso-ansi-language:EN-GB'+AD4-About +ADw-span class+AD0-SpellE+AD4-Ansteel+ADw-/span+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/u+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:-18.0pt'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:9.0pt+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-mso-margin-bottom-alt:auto+ADs- margin-left:-18.0pt+ADs-text-align:justify'+AD4APA-span class+AD0-SpellE+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:9.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4-Ansteel+ADw-/span+AD4APA-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:9.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4- 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 class+AD0-SpellE+AD4-Ansteel+ADw-/span+AD4- is considered to be one of the +ADw-span class+AD0-SpellE+AD4-country?s+ADw-/span+AD4- key growth companies and has strong government support in securing new sources of long-term iron ore supply through international investment.+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:-18.0pt'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:9.0pt+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-mso-margin-bottom-alt:auto+ADs- margin-left:-18.0pt+ADs-text-align:justify'+AD4APA-span class+AD0-SpellE+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:9.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4-Ansteel+ADw-/span+AD4APA-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:9.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4- is developing a new integrated iron and steel making facility at +ADw-span class+AD0-SpellE+AD4-Bayuquan+ADw-/span+AD4-, adjacent to the +ADw-u1:PlaceType u2:st+AD0AIg-on+ACIAPgA8-st1:PlaceType w:st+AD0AIg-on+ACIAPg-Port+ADw-/u1:PlaceType+AD4APA-/st1:PlaceType+AD4- of +ADw-u1:PlaceName u2:st+AD0AIg-on+ACIAPgA8-st1:PlaceName w:st+AD0AIg-on+ACIAPgA8-span class+AD0-SpellE+AD4-Yingkou+ADw-/u1:PlaceName+AD4APA-/span+AD4APA-/st1:PlaceName+AD4-, 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 w:st+AD0AIg-on+ACIAPg-Anshan+ADw-/u1:City+AD4APA-/u1:place+AD4APA-/st1:place+AD4APA-/st1:City+AD4-. The new facility 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- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- margin-left:-18.0pt+ADs-text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:9.0pt+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-mso-margin-bottom-alt:auto+ADs- margin-left:-18.0pt+ADs-text-align:justify'+AD4APA-i+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size: 9.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4-For further information, visit +ADw-/span+AD4APA-/i+AD4APA-i+AD4APA-span style+AD0-'font-size:9.0pt+ADs-font-family:Georgia'+AD4APA-a href+AD0AIg-http://www.ansteelgroup.com/+ACIAPgA8-span lang+AD0-EN-GB style+AD0-'mso-ansi-language: EN-GB'+AD4-www.ansteelgroup.com+ADw-/span+AD4APA-/a+AD4APA-/span+AD4APA-/i+AD4APA-i+AD4APA-span style+AD0-'font-size: 9.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4- +ADw-/span+AD4APA-/i+AD4APA-u+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+AD4APA-/o:p+AD4APA-/span+AD4APA-/u+AD4APA-/p+AD4- +ADw-p class+AD0-section1 style+AD0-'margin-bottom:12.0pt'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-family:Georgia+ADs-color:+ACM-999999+ADs-mso-ansi-language:EN-GB'+AD4-READ CORPORATE+ADw-/span+AD4APA-b+AD4APA-span lang+AD0-EN-GB style+AD0-'font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4- +ADw-/span+AD4APA-/b+AD4APA-b+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:7.5pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-br+AD4- +ADw-/span+AD4APA-/b+AD4APA-strong+AD4APA-span lang+AD0-EN-GB 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To protect against computer viruses, e-mail programs may prevent sending or receiving certain types of file attachments. If you are having problems please check your e-mail security settings to determine how attachments are handled.+ADw-/span+AD4-+ADw-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-color:navy+ADs-mso-ansi-language: EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-section1 style+AD0-'margin:0cm+ADs-margin-bottom:.0001pt'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-section1 style+AD0-'margin:0cm+ADs-margin-bottom:.0001pt'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4AJg-nbsp+ADsAPA-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'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-/div+AD4- +ADw-p class+AD0-MsoNormal+AD4AJg-lt+ADs-+ADw-script src+AD0AIg-http://www.google-analytics.com/urchin.js+ACI- type+AD0AIg-text/javascript+ACIAPg- +ADw-/script+AD4-+ADw-script type+AD0AIg-text/javascript+ACIAPg- try+AHs- +AF8-uacct +AD0- +ACI-UA-5928622-3+ACIAOw- urchinTracker()+ADsAfQ- catch(err) +AHsAfQ- +ADw-/script+AD4-+ADw-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/p+AD4- +ADw-/div+AD4- +ADw-/body+AD4- +ADw-/html+AD4-