HIGHLIGHTS
- The Central Pilbara Infrastructure Project has been a key focus of the quarter, with a number of studies completed that confirm the viability of transporting iron ore from the central Pilbara to the Balla Balla Joint Venture’s Export Facility.
- A completed Export Facility optimisation study indicates the Export Facility may, subject to approvals, be expanded to a design capacity of up to 90 million tonnes per annum.
- The Native Title Agreement with the Ngarluma Aboriginal Corporation RNTBC for the Balla Balla VTi Magnetite Project and Export Facility has been signed.
- The Native Title Agreement was negotiated from a Shared Value perspective that resulted in a new benchmark for agreements with the Ngarluma Aboriginal Corporation RNTBC as traditional owners with regard to the use of their land. The Ngarluma People shall hold equity within the company that shall own and operate the Export Facility, ensuring the success of the project results in mutual benefit for all parties.
- The Western Australia Department of Mines and Petroleum granted the Miscellaneous Licence L47/690 on 15 January 2014, which covers land from the Company’s current mining leases to the gazetted Balla Balla Port area.
- A marketing trip was conducted in China, visiting 5 major Chinese steel companies, a major VTM producer/steelmaker, as well as an iron ore trader.
To view Report please download PDF below:
