Golden West seeks strength in Chinese deal

AN OFFTAKE and share placement agreement between Golden West Resources and Chinese steelmaker Hunan Valin Steel Tube & Wire Co will boost the Aussie play’s Wiluna West development plans and give Valin an 11.4% stake in Golden West.

Golden West seeks strength in Chinese deal Golden West seeks strength in Chinese deal Golden West seeks strength in Chinese deal Golden West seeks strength in Chinese deal Golden West seeks strength in Chinese deal

The offtake agreement will see Golden West supply Valin with up to 4.5 million tonnes of direct shipping ore annually over 15 years, while the $26.64 million share placement will give Valin an 11.

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