SOURCE: Industrial Info Resources

Industrial Info Resources

August 19, 2010 05:00 ET

Gindalbie Metals Karara Project Receives Boost, an Industrial Info News Alert

PERTH, AUSTRALIA--(Marketwire - August 19, 2010) -  Researched by Industrial Info Resources (Sugar Land, Texas) -- Gindalbie Metals Limited (ASX:GBG) (Perth, Australia) announced that it has received final regulatory approval from the Western Australia government to ramp up construction at its Karara Iron Ore Project. The approval was the final hurdle for Gindalbie to activate the initial use of a $1.2 billion project loan, which is being provided principally by the China Development Bank and the Bank of China.

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