Shire of Roebourne Local Planning Strategy
Shire of Roebourne Local Planning Strategy
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>Appendix 3:West Pilbara iron ore projectThe Project is a substantial iron ore export operation proposed for the Pilbara region <strong>of</strong> WesternAustralia (Figure 1). API is currently developing Stage 1 <strong>of</strong> the Project, which is based initially onpisolite iron ore deposits located 30 km to 85 km south west <strong>of</strong> Pannawonica. There is potential forconsiderable growth in subsequent stages based on the prospective and extensive tenement portfolioin the west Pilbara, as well as tenements in the east Pilbara.API completed the Pre-Feasibility Study for Stage 1 <strong>of</strong> the Project in May 2008 with the followingprimary project outcomes:Iron ore mining and export at a rate <strong>of</strong> 25 million tonnes per annum;Simultaneous mining <strong>of</strong> multiple pisolite deposits located on the western region <strong>of</strong> theHamersley Ranges (Figure 2);A heavy haul railway from the mine area to a port location at Cape Preston (approximately160km);Iron ore stockpiles, processing, blending and ship loading facilities at the port location; andCapital investment in the order <strong>of</strong>$A4.0 billionAPI completed the Feasibility Study (FS) forStage 1 <strong>of</strong> the West Pilbara Iron Ore Project(the “Project”) in June 2010. The FS reportsthe technical and financial viability <strong>of</strong> theproposed 30Mtpa Stage 1 development.Aquila Resources has put its $7.4 billionWest Pilbara iron ore project on hold at leastthrough June 2013 due to fundingdifficulties.Aquila and its partners AMCI, a mininginvestment firm, and South Korean steelgiant Posco, effectively froze the project lastSeptember, when iron ore prices hit a threeyearlow. They had failed to agree on abudget for the year to June 2013 and sentthe dispute into arbitration. 23 The WestPilbara Iron Ore project has won stateenvironmental approval for its proposedAnketell Port, but still needs rail and portconstruction approvals, key to its plans for exporting 30 million tonnes a year <strong>of</strong> ore.23http://www.smh.com.au/business/mining-and-resources/aquila-puts-74b-iron-ore-project-on-ice-20130204-2dthi.html#ixzz2MvQQ7CCa (SMH 3 Feb 2013)73
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