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GINDALBIE Metals has finalised a second long-term offtake contract with its joint venture partner Ansteel covering the life-of-mine production from the Karara iron ore project in Western Australia.
The contract covers the total haematite production from Karara, which is scheduled to start operations mid-2011 at the rate of 3 million tonnes per annum.
Yansteel to get a 50% stake pending FIRB approval
Saracen signs off with last quarterly
Karara a multi-billion dollar drag on Gindalbie
