Port Spencer JV breaks up

CENTREX Metals and Wugang have succumbed to the volatile conditions of the iron ore market and called time on their Port Spencer joint venture.

Port Spencer JV breaks up Port Spencer JV breaks up Port Spencer JV breaks up Port Spencer JV breaks up Port Spencer JV breaks up

Conceptual image of Port Spencer plan

The mutual agreement to wind-up the venture in light of unfavourable market conditions will also resolve legal disputes between the two parties.

loader