Gindalbie Awards $614M Australian Iron Mine Contract

Law360, New York (February 6, 2012, 1:24 PM EST) -- Gindalbie Metals Ltd., an emerging miner in western Australia, has tapped a Sydney-based mining services company for a $614 million contract to build and manage its Karara iron ore mine, the company said Monday.

Under the six-year deal, Downer EDI Ltd. will build the mine infrastructure and provide services including hauling waste and ore. The Karara mine, which Gindalbie is developing through a 50-50 joint venture with Chinese steel producer Angang Steel Co. Ltd., is expected to produce at least 30 million metric tons of ore...
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