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mineral de hierro bhushan minnesota

Due to the fact that Nanjinzhao has not yet finalized its project financing banking arrangements with respect to the Pampa de Pongo project, and is therefore making the final payment from its own corporate resources, it has requested, and Cardero and Cardero Hierro Peru, S.A. 'Cardero Peru' have agreed, that the final payment of USD 88 million will be split into three payments, as follows: