Pluton ditches JV partner

NEW iron ore producer Pluton Resources has terminated its 50:50 partnership with Hong Kong trading house Wise Energy Group over the Cockatoo Island project.

Pluton ditches JV partner Pluton ditches JV partner Pluton ditches JV partner Pluton ditches JV partner Pluton ditches JV partner

Pluton’s shares jumped 12%, or A2.5c, to 23.5c on news that it would retain 100% of the project, which shipped its first iron ore last week.

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