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Mitsubishi & Murchison in $2.7bn Australian Port agreement

Mitsubishi & Murchison in $2.7bn Australian Port agreement Seatrade Asia Online   [24/03/09] Sydney: Murchison Metals Ltd. and Mitsubishi Corp. today signed a A$4bn ($2.7bn) agreement with the Western Australian government to build an iron ore port and rail project in the state’s mid-west, writes Bloomberg……………………..Barnett said. He didn’t rule out the possibility of the port being used to ship out uranium exports.

Government funding will total A$678 million, to be used to develop a heavy industrial estate, with Barnett saying he’s confident the federal government will contribute half of that amount.

Mitsubishi & Murchison in $2.7bn Australian Port agreement

March 26, 2009 - Posted by Christina Macpherson | Uncategorized