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Padbury confirms: Hair loss guru is Oakajee backer

<span class="" id="parent-fieldname-description"> Former hair loss treatment king Roland Bleyer is behind $6.95bn in funding to build a deepwater port and associated rail network at Oakajee, Western Australia, project owner Padbury Mining has confirmed. </span> <p>Oakajee, the on-again, off-again port and rail proposition that could provide an export condit for the 50 billion tonnes of magnetite ore estimated to lie in WA’s Midwest region, fell into Padbury’s hands after the ASX-listed iron ore junior bought the intellectual property to develop it in July 2011.</p><div>The junior has been rather quiet on the matter in the past 12 months – or at least it had been, until it announced that it had secured funding for the project on April 11.