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.

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

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