Gindalbie receives alternative funding proposal

GINDALBIE Metals is considering raising $A162.06 million via a share placement to its Karara iron ore project joint venture partner, Anshan Iron & Steel Group Corporation (AnSteel), to fund the development of the $1.8 billion magnetite mine.

Gindalbie receives alternative funding proposal Gindalbie receives alternative funding proposal Gindalbie receives alternative funding proposal Gindalbie receives alternative funding proposal Gindalbie receives alternative funding proposal

The Perth-based company said it had received an alternative funding proposal from AnSteel – which is responsible for arranging the project loan – to cover the final equity payment as well as an

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