Boulder Steel raises funds for Gladstone plant project
BOULDER Steel is raising funds through proactive investors for its Gladstone Steel Plant Project.
In a letter sent out recently, Boulder Steel invited shareholders to contribute to the project through a share purchase plan at 2.1 cents per share.
Boulder Steel chairman Christopher Ryan told shareholders in the letter the company had achieved a number of milestones including Letters of Intent for off-take and raw material supplied.
He also said the company was addressing issues raised during the public display of the Environmental Impact Statement.
The integrated steel plant at the Aldoga Precinct of the Gladstone State Development Area in Mt Larcom is set for construction in 2014.
The eventual production capacity of the plant will be five million tonnes per annum of semi-finished steel products.
The project is expected to create about 2000 jobs during construction and provide an estimated 1800 permanent positions once the plant is operational.