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Murchison Metals

MURCHISON Metals is discussing selling its stake in the Jack Hills iron ore mine and troubled Oakajee Port and Rail project in WA's Mid-West.

Murchison halted trading in its shares before the market opened today, after receiving an offer.

The $6 billion project hit a hurdle in June when joint venture partner Murchison admitted it could not fund its share of one of Australia's biggest infrastructure schemes.

Would-be customer China's Sinosteel also mothballed its $2 billion Weld Range iron ore project.

Murchison's shares last traded at 27.5c after trading at $1.27 in January.