Confidence grows in Flinders’ Pilbara project as WA backs rail plan
PERTH (miningweekly.com) – Iron-ore developer Flinders Mines on Monday welcomed the Western Australian government’s backing for the construction of a new railway line in the region.
At the end of December, the Western Australian government invited ASX-listed Rutila Resources to negotiate a state agreement for the construction of a railway in the Pilbara, linking the Balla Balla port with the proposed 25-million-tonne-a-year Pilbara iron-ore project, being developed by Flinders.
Flinders last year signed an agreement with the Balla Balla joint venture (JV), which Rutila manages, for the provision of rail and port services for the proposed iron-ore project.
Flinders MD Ian Gordon said on Monday that Western Australian Premier Colin Barnett’s railway line approval had injected new confidence into ongoing efforts to complete a bankable feasibility study for the development of the Pilbara project.
“With a clearer path to market via a state agreement and a positive result from the bankable feasibility study, we will be able to determine the returns to our company’s shareholders and be in a position to make an informed decision on whether to proceed with the project,” said Gordon.
“Once a positive final investment decision is achieved and financing available, the Pilbara iron-ore project production is expected to start in late 2017 or early in 2018.”
Meanwhile, front-end engineering and design was under way for the proposed rail and port facilities to support the Pilbara project, and subject to the final investment decision, construction of these was likely to start in the fourth quarter of 2015.
The required access with native title participants, pastoralists and mining tenement holders have been largely completed.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Sika South Africa is a trusted partner for the nation’s infrastructure, commercial, residential, and industrial sectors.
VISIT SHOWROOM
Columbus Stainless, based in Middelburg, Mpumalanga, is Africa’s only producer of stainless steel flat products. In addition, Columbus is the only...
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
