MinRes injects a $105m to begin JV development
Australian mining firm Mineral Resources (ASX: MIN) has widened the scope of its Marillana joint venture with Hong Kong-based and dual-listed Brockman Mining (ASX: BCK), which saw a rise in its share on Friday after Mineral Resources announced that it will inject $105 million for initial development work at the Marillana iron ore project in the Pilbara. The joint venture partners will export ore through Port Hedland subject to Western Australia Government’s approval of berth. The project is expected to take around 3.5 years.
Source: https://smallcaps.com.au/minres-brockman-mining-iron-ore-begin-jv-development/
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