Gindalbie Metals Ltd
ASX:GBG ISIN:AU000000GBG5
The initial focus of Gindalbie's growth strategy is the Karara Iron Ore Project, located 225km east of Geraldton, where it will deliver initial production of Direct Shipping Ore (DSO) hematite in 2009 to be followed by production of high grade magnetite concentrate and blast furnace quality pellets in 2010. Karara is being developed through a 50:50 Joint Venture with Ansteel, one of China's leading steel and iron ore producers.
Gindalbie's longer term growth will be propelled by the exploration and development of its extensive 1,900 sq km tenement portfolio, which includes numerous prospective magnetite and hematite exploration targets expected to deliver a long-term pipeline of growth opportunities.
News
Gindalbie Metals Limited (ASX:GBG) is pleased to report a further significant achievement in the funding process for the Karara Iron Ore Project in Western Australia with the announcement of conditional approval by the China Development Bank (CDB) for up to US$1.2 billion for the Karara Project Loan. The commitment follows the completion of due diligence on the Karara Project by the CDB during 2008 followed by approval from CDB's Loan Review Committee.
On Thursday, the Australian sharemarket closed more than four per cent weaker, dropping almost to five-year lows, with losses in all sectors. The benchmark S&P/ASX200 index was down 146.7 points, or 4.19 per cent, at 3,352.9 while the broader All Ordinaries index had shed 150.6 points, or 4.32 per cent, to 3332.6. Analysts predict the bottom is getting closer and lower than 3000 points is possible as market would be dragged down by the US and growing concerns on recession in Australia.
Yesterday the Australian share market closed about 5% higher on its first trading day of November with good lead from Wall Street on last Friday and the expectation of another RBA interest rate cut. It was the share markets' fourth consecutive stronger day adding A$51 billion to the value of stocks.
The Australian 2008 National Mining Awards recognise the globally competitive Australian mining sector.
Gindalbie Metals Ltd Read Corporate: Resources Rising Stars 2007 - Mr Garret Dixon, CEO; Gindalbie Metals Ltd (ASX: GBG) present the following audio webcast regarding "Read Corporate: Resources Rising Stars 2007". You may also download this audio webcast to your computer or portable audio player.
Gindalbie Metals Ltd Presentation at Sydney Mining Club - Mr Andrew Munckton, General Manager; Gindalbie Metals Ltd (ASX: GBG) present the following audio webcast regarding "Presentation at Sydney Mining Club". You may also download this audio webcast to your computer or portable audio player.
Gindalbie Metals Ltd (ASX: GBG) - Iron Ore: Investing in Mining Stock - Mr Andrew Munckton, General Manager; Boardroomradio is pleased to announce that Gindalbie Metals Ltd (ASX: GBG) has published an audio file.
GINDALBIE METALS LTD AMEC Company Presentation - Mr David McSweeney, Chief Executive; Boardroomradio is pleased to announce that GINDALBIE METALS LTD (ASX: GBG) has published an audio file. The follow
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