Australian Cape Lambert Iron Ore Company announced that two Chinese trading companies are looking to invest in the Pilbara iron ore project. Shandong Yuansheng and Fujian San’an Group are currently conducting due diligence on the project. According to Cape Lambert Iron Ore parent company CFE, the Chinese companies have asked for a week to finalize funding agreements. CLIO is confident about the investment and feels that both or at least one of the companies will finalize their investment. As a result, they have extended the closing date for the floating of CLIO stocks in the Australian stock exchange to give the companies a chance to finalize the investments. (Dec. 5)