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Macarthur Minerals Ltd V.MMS

Alternate Symbol(s):  MMSLF | MMSDF

Macarthur Minerals Limited is an Australia-based iron ore development, and lithium exploration company that is focused on bringing to production its Western Australia iron ore projects. The Company has three iron ore projects in the Yilgarn region of Western Australia and two exploration project areas in the Pilbara, Western Australia for targeting iron ore. In addition, it has lithium brine interests in Railroad Valley, Nevada, United States. Its iron ore projects include Ularring Hematite Project, Moonshine Magnetite Project and Treppo Grande Project. The Lake Giles Iron Ore Projects (Moonshine Magnetite Project and the Ularring Hematite Project) are located on mining tenements covering approximately 62 square kilometers (km2), 175 kilometers northwest of Kalgoorlie in Western Australia. The Treppo Grande Project covers an area of over 68 km2. The Pilbara Projects tenements include E45/5324 and E45/4735. The Reynolds Springs lithium brine project covers an area of around 18 km2.


TSXV:MMS - Post by User

Bullboard Posts
Post by m112560on Sep 21, 2018 1:58pm
94 Views
Post# 28666000

HYPOCRITICAL

HYPOCRITICAL

‘HYPOCRITICAL’: Premier Mark McGowan has defended the State Government’s decision to subsidise the restart of iron ore exports through Esperance Port, claiming the move has saved about 400 jobs.

Iron ore shipments from the Koolyanobbing mine near Southern Cross ended earlier this year after its US owners Cliffs announced its closure.

Australian miner Mineral Resources bought the mine and port infrastructure last month in a deal brokered with the State Government.

The deal includes five years of discounted port charges, with State Parliament told this week the total cost of the subsidy would be nearly $63 million.

Opposition Leader Mike Nahan has criticised the rescue package as “over the top”.

But Mr McGowan told ABC Goldfields-Esperance the previous government did the same thing by providing royalty assistance to Chinese-owned magnetite mines in WA’s Mid-West.

“For the Liberals and Nationals, who demanded we take action, to come in and criticise us for actually taking action and preserving those jobs, I find it extremely hypocritical,” Mr McGowan told the ABC.

“They’re the biggest pack of whingers you could ever come across, and all they want to do is wreck the State’s finances, wreck our efforts to create jobs and criticise everything the government does.”

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