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4 sa iron exploeres join forces

  1. 2,677 Posts.
    Here is something in todays press that should put some perspective into IFE

    SA iron ore explorers form group

    Four iron ore explorers have formed a group to push for the development of export facilities at Port Bonython in South Australia, after OneSteel Ltd scuttled plans to use the Port of Whyalla.

    Centrex Metals Ltd, IMX Resources NL, Ironclad Mining Ltd and Western Plains Resources have come together to promote the development of an iron ore loader and storage sheds at the Port Bonython site.

    Port Bonython is about 20km from Whyalla and is used to export liquefied natural gas (LNG) and crude oil from the Cooper Basin.

    The port has 2.4km jetty, which would allow the berthing of Capesize vessels.

    The newly formed Port Bonython Bulk Users Group believes there could be demand for up to 8 to 10 million tonnes per annum capacity by 2010, increasing to 20 million tonnes by 2015.

    The group said the "tonnages are sufficient to underpin the development of the port without further delay, and without waiting for a commitment to the expansion of the Olympic Dam".

    Port Bonython Bulk Users Group said it would work with the South Australian Chamber of Mines and Energy Inc, local and state government authorities, port operators, other current and potential users to expedite the development.

    The formation of the group comes after Western Plains was advised by OneSteel that it had decided not to formalise a previous proposal to use excess capacity on transhipment barges at the Port of Whyalla to export its iron ore.

    © 2008 AAP

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