Australia's Shree Minerals jumps on iron ore shipping deal with TasRail

Catalina Resources

06/09/2021 02:45

** Shares of Australia's Shree Minerals Ltd  SHH.AX  jump as
much as 8.33% to A$0.013, highest since Aug. 10
    ** Iron ore miner signs deal with Tasmanian Railway Pty Ltd
(TasRail) for storage and ship loading of iron ore via the ship
loader and warehouse operated by TasRail  urn:newsml:reuters.com:*:nFWN2Q50VD
    ** Financial terms of deal not disclosed
    ** Deal secures infra for direct shipping of iron ore from
SHH's Nelson Bay River Iron Project
    ** Stock down ~40% this year, as of last close

 (Reporting by Aneetta Thomas in Bengaluru)
 ((Aneetta.Thomas@thomsonreuters.com;))