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Help us to help you: Sinosteel Midwest calls for community support

MEDIA RELEASE
4 June 2009

Sinosteel Midwest Corporation (Sinosteel Midwest) today launched a campaign in the Mid West calling on community members, businesses and industry partners to get behind its Koolanooka/Blue Hills (Mungada) iron ore project.

The Environmental Protection Authority (EPA) released its Report for the project on Tuesday, and failed to recommend approval of Mungada East mine which is integral to the project proceeding economically.

Sinosteel Midwest COO Giulio Casello said the company was heading out into the community to explain the economic, social and environmental impact of the EPA's recommendations, and to encourage people to make their voice heard. "The EPA's failure to fully recommend this project means it may not go ahead.

This would translate into loss of local jobs and contracts, purchasing from local businesses, community sponsorships, generous environmental conservation proposals and much more," Mr Casello said.

"In order to continue to deliver these benefits, we need the community to take action now and make their own appeal against the EPA recommendations. Information on how to do this is available on our website at www.sinosteelmidwest.com.au, and we will be on the ground spreading the message over the appeal period to the 16th of June.

"In the four years that we've been active in the Mid West, we have invested over $30 million in the project and the community. We have seen incredible support and anticipation for commencement of the project. Now is the time for that support to be put into action," he said.

"The Koolanooka/Blue Hills project is the first step in building a sustainable iron ore industry for the Mid West region and makes good economical, social and environmental sense for the region. The project is ready to go now and will employ at least 70 people, and it is based on previously mined and disturbed land."

ENDS

For more information contact:

Warrick Hazeldine Caroline Thomson
Purple Communications Purple Communications
P: 08 6314 6300 P: 08 6314 6300
M: 0417 944 616 M: 0410 479 489
E: whazeldine@purplecom.com.au E: cthomson@purplecom.com.au

About Sinosteel Midwest Corporation Limited

Sinosteel Midwest Corporation (Sinosteel Midwest) is developing iron ore and steel materialsprojects from one of the largest land holdings in the expanding Mid West resources region of WA. It has advanced production opportunities for iron ore at Koolanooka, Weld Range, Jack Hills and Robinson Range.

Sinosteel Corporation, one of China's biggest suppliers of raw materials to Chinese steel mills, purchased Midwest Corporation in 2008. It is committed to the responsible and sustainable development of Sinosteel Midwest's assets.

Phase one of Sinosteel Midwest's development is the Koolanooka/Blue Hills (Mungada) Project (Koolanooka and Mungada sites) which will produce a minimum of 5.8 million tonnes over a period of five years – phase two – the Weld Range project ‐ is expected to produce 15 million tonnes per annum and will be a cornerstone project to export out of the proposed Oakajee Port.

The Koolanooka/Blue Hills Project is currently going through the final stages of pre‐mining environmental approval, and has been in the environmental approval process since September 2006.

Sinosteel Midwest possesses the capital, resources, technical skills and the people to play a major role in the development of the Mid West region, and is positioned to continue doing so actively now, notwithstanding the global financial crisis.

Sinosteel Midwest continues to actively develop and explore the potential of its deposits and the outlook for the Company is exciting.

www.sinosteelmidwest.com.au

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