Dry CargoGreater ChinaPorts and Logistics
Centrex Metals mulls taking Wisco to court over stalled port plans
Centrex Metals is mulling taking the subsidiary of one of China’s largest steel mills to court over a stalled port development in Australia.
Centrex said Wugang Australian Resources Investment, part of Wuhan Iron and Steel (Wisco), had breached an agreement by missing a deadline to pay A$4m for a joint venture involving the proposed Port Spencer north of Tumby Bay in South Australia.
Adelaide-based Centrex said it is taking legal advice to remedy the situation.