20
Jun
01:00
Pilbara iron ore consortium project is 40% complete, Marubeni says.
Japanese general trading company Marubeni Corporation says that its joint iron ore development project Roy Hill Holdings Pty Ltd (RHH) in the Pilbara, Western Australia, has completed the first drawdown from a US$7.2 billion loan facility secured on March 20, 2014. In a statement seen by Kallanish, the company confirms that RHH will continue drawdowns sequentially in line with the demands of the project construction.
Marubeni owns a 15% share in RHH, with Au…
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