Aussie-China tensions latest snag for Todd’s WA mine plans

Wed, 13 Jan 2021

Todd Corporation's attempts to develop a multi-billion iron ore mining and export operation in Western Australia appears now to be caught out by the escalating tensions between China and Australia.Almost a year after the Todd Corp wrangled support from historically opposed minority shareholders of ASX-listed Flinders Mines to proceed with the A$7.2 billion Pilbara Iron Ore Project, it has effectively conceded that Chinese investors will no longer be able to participate.Announcements just before Christmas implied China State Constructio...

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