Shire of Roebourne Local Planning Strategy

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Shire of Roebourne Local Planning StrategyTechnical Report A1: Economic Development StrategyAppendix 3:West Pilbara iron ore projectThe Project is a substantial iron ore export operation proposed for the Pilbara region of WesternAustralia (Figure 1). API is currently developing Stage 1 of the Project, which is based initially onpisolite iron ore deposits located 30 km to 85 km south west of 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 of the Project in May 2008 with the followingprimary project outcomes:Iron ore mining and export at a rate of 25 million tonnes per annum;Simultaneous mining of multiple pisolite deposits located on the western region of 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 of$A4.0 billionAPI completed the Feasibility Study (FS) forStage 1 of the West Pilbara Iron Ore Project(the “Project”) in June 2010. The FS reportsthe technical and financial viability of 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 of 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
Shire of Roebourne Local Planning StrategyTechnical Report A1: Economic Development StrategyThe West Australian state government has said it will not approve construction of 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.74
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Comparative Data for Shire of Roebo
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Shire of Roebourne Local Planning Strategy

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