Gindalbie to supply 480,000 mt of iron ore to Sino Steel Midwest

Australian iron ore miner Gindalbie Metals Ltd has announced that it has reached an agreement regarding supplies of iron ore to Sino Steel Midwest, the Australian subsidiary of China's state-owned Sino Steel Corporation. Accordingly, Gindalbie will ship 480,000 mt of iron ore to Sino Steel Midwest in the coming eight months.
 
Gindalbie plans to deliver the first cargoes consisting of 120,000 mt of iron ore in the next two months from its Karara iron ore base in Western Australia, in which it holds a 50 percent stake while Chinese steel giant Anshan Steel Group holds the other 50 percent. Gindalbie will then deliver 60,000 mt in each of the subsequent months.