Cape Lambert plays down Indian agreement

CAPE Lambert Iron Ore has announced it has not signed an equity or off-take agreement with Indian group Essar, despite an article appearing in the Indian press last week that said otherwise.

Cape Lambert plays down Indian agreement Cape Lambert plays down Indian agreement Cape Lambert plays down Indian agreement Cape Lambert plays down Indian agreement Cape Lambert plays down Indian agreement

According to the Indian article, Essar will reportedly invest Rs 35 billion (just over $A1 million) to Cape Lambert for a stake in the company, with the funds to aid in the construction of a 7.

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