Sunday, June 3, 2007

Midwest, Yilgarn Sign Pact for Australian Iron Ore Port, Railroad Project

(Bloomberg) -- Midwest Corp., an Australian iron ore
producer, signed an initial accord with Yilgarn Infrastructure
Ltd. to plan construction of a new port and railroad in Western
Australia state.

The agreement includes the construction of a railroad from
the proposed A$2 billion ($1.7 billion) Oakajee port to
Midwest's Weld Range project, the Perth-based company said today
in a statement to the Australian Stock Exchange. Development is
planned to be completed by 2011.


Read more at Bloomberg Commodities News

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