Murchison Metals Limited (ASX:MMX)
Perth, July 24, 2009 AEST (ABN Newswire) - Murchison Metals Limited (ASX:MMX)(PINK:MUMTF) refers to a media report in today's edition of The West Australian under the headline 'Barnett's push for China role gets boost' referring to developments between Oakajee Port & Rail ("OPR") and a number of major Chinese groups.
OPR is jointly owned by Murchison and Mitsubishi Development Pty Ltd and has been selected by the West Australian Government as the developer of port and rail infrastructure to serve the burgeoning mid-west iron ore industry.
Representatives of OPR are currently in China, and have attended joint meetings with WA Premier Colin Barnett and a number of Chinese groups interested in participating directly in the development of the infrastructure for the mid-west.
As a result of these meetings between OPR, Mr Barnett and the Chinese groups, a number of initiatives have been jointly developed that OPR intends to pursue, including:
- A proposal whereby China Communication Construction Company (CCCC) would provide design assistance to OPR
- Discussions with China Railway Construction Corporation (CRCC) in relation to potential strategic co-operation for the rail component of the Oakajee project.
- A Trade and Investment Mission to WA, jointly hosted by the WA State Government and OPR, in September 2009 for Chinese businesses interested in becoming involved in the Oakajee project.
OPR has reported that the discussions with the Chinese groups have been very positive, with high levels of interest in co-operation in the development of the mid-west region.
Discussions with the Chinese groups are continuing and any material developments will be reported to the market.
Contact
Paul Kopejtka
Executive Chairman
Murchison Metals Ltd
Tel: +61-8-9492-2600
| ||
|
