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Golden West secures iron offtake deal

12-August-08 by Rebecca Lawson

Golden West Resources Ltd has entered into a 15-year offtake agreement with a Chinese steelmaker, which will also subscribe to nearly $27 million worth of shares for an 11 per cent stake.

The Osborne Park-based company will supply Hunan Valin Steel Tube & Wire Co Ltd with up to 4.5 million tonnes of iron ore each year from its Wiluna West project in the Mid West region.

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