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Market Impact: 0.2
A&S Resources secures railway funding of USD$6 Billion to unlock $2.5 trillion iron ore asset
Source: PR Newswire
Commodities & Raw MaterialsInfrastructure & DefenseCompany Fundamentals
A&S Resources Limited says it has secured funding to build a railway linking its Central African Republic mineral assets via Cameroon to international export markets, a step toward unlocking large mineral resources. The news is constructive for the company’s project pipeline but provides no disclosed $ amount, so near-term market impact is likely limited.
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