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Murchison in talks for funding help on Australia iron ore port

sharenet | June 28, 2011 | 2:06 am Australia Iron Ore 

The proposed Oakajee iron ore port and rail project in Australia, which last week faced the loss of a key customer, may have hit another snag, with one the two developers saying it was having problems raising funding.

Murchison Metals, a 50:50 partner in the multi-billion dollar Oakajee (OPR) project, said on Monday it was now in talks with several parties, including Chinese-related investors, interested in participating in its development.

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