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Shire of Roebourne Local Planning Strategy

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<strong>Shire</strong> <strong>of</strong> <strong>Roebourne</strong> <strong>Local</strong> <strong>Planning</strong> <strong>Strategy</strong>Technical Report A1: Economic Development <strong>Strategy</strong>A heavy haul railway from the mine area to a port location at Cape Preston;Iron ore stockpiles, processing, blending and ship loading facilities at the port location; andCapital investment in the order <strong>of</strong> $A4.0 billion.API completed the Feasibility Study (FS) for Stage 1 <strong>of</strong> the West Pilbara Iron Ore Project in June 2010.The FS reports the technical and financial viability <strong>of</strong> API’s proposed 30Mtpa Stage 1 development.However, Aquila Resources has put the West Pilbara iron ore project in abeyance, reportedly due t<strong>of</strong>unding difficulties.The West Pilbara Iron Ore project has won state environmental approval for the proposed Anketell Port,but still needs rail and port construction approvals, key to its plans for exporting 30 million tonnes a year<strong>of</strong> ore.The West Australian state government has said it will not approve construction <strong>of</strong> Anketell Port until it iscertain the project's backers have the funds to build a mine, a 282 km rail line and the multi-user port,which will depend on what has become an increasingly volatile iron ore market. The port project thereforehas some uncertainty, although it is possible that API could have it operational by 2015 if funding isavailable.However, it is possible that the State Government will seek an alternative route to development <strong>of</strong> stage1 <strong>of</strong> the project, with a view to operations by the end <strong>of</strong> 2015.51

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