Murchison, Mitsubishi ink Mid-West deal

SHARES in emerging iron ore producer Murchison Metals have soared as much as 29% this morning after announcing that it has signed a deal with Japan’s largest trading company Mitsubishi to develop iron ore and infrastructure businesses in Western Australia’s Mid-West.

Murchison, Mitsubishi ink Mid-West deal Murchison, Mitsubishi ink Mid-West deal Murchison, Mitsubishi ink Mid-West deal Murchison, Mitsubishi ink Mid-West deal Murchison, Mitsubishi ink Mid-West deal

Murchison resumed trading today up 97c at $5 after being in a trading halt since Thursday. The stock reached an intraday high of $5.20 before slipping back to $4.92 with over 2.

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