BRIEF-FairStar Resources secures vendor financing for its Steeple Hill Iron Project

March 3 (Reuters) - Fairstar Resources Ltd FAS.AX :

* Says secured vendor financing with csr ziyang co. ltd of up to US$176 million for Steeple Hill Iron Project'S rolling stock and associated rail infrastructure requirements

* Contract of sale and vendor financing agreement executed with CSR Ziyang provides funding in three tranches

* Says terminated the proposed joint venture with Alliance Super Holdings

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