Australian iron ore project in dispute

China Metallurgical (601618) project in Australia is in a sudden change.　　September 8, Lambert Kok Resources Limited announced that China Metallurgical failed to comply with the provisions of the Agreement on the transfer of leases and related assets signed on December 9, 2009 to pay the 80 million Australian dollars, Lambert Kok Resources Limited to take legal action against the company in respect of such matters. China Metallurgical 11th immediately announced that under the agreement, Lambert Kok Resources Limited will meet its obligations under the agreement under the premise of the three gold to pay the 80 million Australian dollar. China Metallurgical three gold that, as of the announcement date, Lambert Kok Resources Limited actually did not comply with the agreement to complete the relevant provisions of the obligations.　　The company and the three gold companies shall deal with the dispute in accordance with the dispute settlement procedure stipulated in the Agreement. Data show that the total resources of Lambert Kok Iron ore is 1.915 billion tons, China Metallurgical said at its performance conference, the mining area is being prepared for the early stage of mine construction.