The Western Australian government has signed a deal for an infrastructure development in the central Pilbara region, and Flinders Mines
(ASX:FMS) sees some benefit potentially flowing towards its Pilbara Iron Ore Project.
The WA government entered a State Agreement with BBI Group Pty Ltd, which will see significant infrastructure development potentially linking iron ore deposits in the central Pilbara region with a new iron ore export facility at the Balla Balla port.
Under the plan, this will all be connected via a 162 kilometre purpose built railway, with an initial capacity of 50 million tonnes of iron ore per year.
Todd Corporation is the majority shareholder in BBIG. And through a subsidiary, Todd Corporation owns 53.5% of the fully paid ordinary shares in Flinders.
Flinders Mines posted a net loss of $4.1 million at 30 June 2016.
