Ann: Centrex Sells Iron Ore Assets to Local Steel Maker, page-2

This is a very good result for us as a stable income stream to assist with better development of our Phosphate projects.
As for Arrium it is also a no brainer for them considering the location and qualities of the Iron Ore bodies.
At the moment Arrium are struggling to meet grade of the Iron Ore currently being mined at the Southern Middleback Ranges. the Fe rating isn't up to the benchmark so they are having to benificate greater amounts of ore, increasing the cost per tonne to port. Also the Si ( silicone) level is too high causing penalties from the customer at the destination port.
The ore at the Wilgerup and other locations is DSO ( Direct Shipped Ore) which means minimal processing. The location of the ore bodies is also within easy access to the Arrium Rail system, a simple spur line will be enough to provide train transportation to the Mine site.
In my opinion a great result for all involved.