West Pilbara proponents mindful of iron-ore market
PERTH (miningweekly.com) - Freight operator Aurizon and the mine participants for the West Pilbara iron-ore project are keeping an eye on the iron-ore price, before taking a development decision on the project.
Aurizon reported on Monday that the company would provide the project participants, which include Korean major Posco, American Metals & Coal International and Baosteel Resources, with an indicative and nonbinding tariff for port and rail services for the proposed project by the end of November.
Aurizon and the project participants were also expected to meet at the end of December to review this tariff, along with initial feasibility studies for mine and infrastructure, and based on project economics and market views, to determine whether to continue work to complete a definitive feasibility study (DFS) on the West Pilbara project.
The first stage of the West Pilbara project would involve the development of a new deep-water port at Anketell, and a 280 km railway to support at least a 40-million-tonne-a-year throughput, from eight mining areas.
The infrastructure could be expanded in the future to accommodate additional tonnage from foundation customers and other miners, with the Anketell port estimated to have a potential to export about 350-million tonnes a year of ore.
Aurizon said on Monday that if the decision was taken to proceed with a DFS for mine and infrastructure, by April next year, the parties would meet at the end of May to discuss the outcome of this study and a binding tariff agreement.
A final investment decision on the project was currently contemplated for late 2016, Aurizon said, subject to the milestones being met and to the long-term fundamentals of the iron-ore market.
Comments
Press Office
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