Cape Lambert, MCC settle sale

IRON ore aspirant Cape Lambert Iron Ore and China Metallurgical Group Corporation (MCC) have settled the $A400 million sale of the Cape Lambert iron ore project in Western Australia’s Pilbara.

Cape Lambert, MCC settle sale Cape Lambert, MCC settle sale Cape Lambert, MCC settle sale Cape Lambert, MCC settle sale Cape Lambert, MCC settle sale

Perth-based Cape Lambert today received the first cash payment of $240 million from the sale – made up of a $230 million payment and $10 million deposit.