CAPITAL MARKETS

Thai floods delay Karara

THE Karara iron ore joint venture has been hit with an unexpected delay that will push back the first magnetite shipments to the September quarter of next year, but Gindalbie chairman George Jones says shareholders’ patience will be rewarded.

Kristie Batten
Thai floods delay Karara

Gindalbie Metals and its Chinese joint venture partner Ansteel had previously anticipated the first shipment to occur in the June quarter. The principal supplier of piping to the project was impacted...

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