Original article by Peter Ker
The Australian Financial Review – Page: 15 : 7-Apr-21
Chinese steel giant Baowu bought its stake in the Australian Premium Iron project in 2014, when iron ore was fetching around $US100 per tonne. Analysts say the proposed West Pilbara iron ore project should be viable if, as expected, the price of the steel input falls back to this level in coming years. Lachlan Shaw of National Australia Bank adds that the long-delayed project is more likely to proceed if its backers can secure access to other miners’ rail and port infrastructure.
CHINA BAOWU STEEL GROUP CORPORATION LIMITED, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB