Big opportunities seen for Grange Resources: The Advocate reports

Big North-West miner Grange Resources could secure new shareholders and customers through next week's TasInvest program.


The Savage River miner will also tell high-powered investors about the investment potential of its big Southdown iron ore development project in Western Australia.

Development of Southdown is on hold in the current low-iron ore price environment.

Grange, which owns 70 per cent of the project, wants to find an equity partner to take a "strategic share" of its interest in Southdown.

Grange general manager of operations Ben Maynard and director and Southdown managing director Honglin Zhao will address the investors at Grange's Port Latta operations on Monday.

"This is an opportunity to showcase some successful Chinese investment in a long-life mining operation and producer and exporter of high-quality iron ore," Mr Maynard said.

"Grange will outline the key features of the mining operation, pipeline, pellet plant and ship loading facilities, along with the strong production profile that we have achieved through 2014.

"We seek to form strong connections with any potential customers and demonstrate the excellent investment opportunities that exist in Tasmania."

The state government's TasInvest program will showcase investment opportunities around the state to significant investors and officials - largely from China - and is linked to the visit of Chinese President Xi Jinping.

"We value the opportunity that the TasInvest initiative provides and are proud to be hosting a group to support industry and significant investment opportunities that are available in Tasmania," Mr Maynard said,

Grange chair Michelle Li will attend the presentation of President Xi at Parliament House, Canberra, on Monday.

http://www.theadvocate.com.au/story/2695826/big-opportunities-seen-for-grange-resources/?cs=87