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Deal with Chinese firm should see Sheffield's Thunderbird get off the ground

SHEFFIELD Resources has found a Chinese partner for the Thunderbird mineral sands project in northern Western Australia, with Yansteel, a wholly owned subsidiary of Hebei-headquartered private steel manufacturer Tangshan, to invest A$130 million for a 50% stake.

Michael Quinn
Positive signs Thunderbird is set to be built

Positive signs Thunderbird is set to be built

In addition to its equity, the Chinese firm will get life-of-mine take-or-pay rights for the low temperature roast ilmenite to be produced, with Yansteel keen on the LTR ilmenite because Tangshan needs...

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