• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Base Metals Market
    Base Metals News
    Base Metals Stocks
    • Base Metals Market
    • Base Metals News
    • Base Metals Stocks
    iron investing

    Aquila Resources Fighting To Keep Iron Ore Project

    Investing News Network
    Oct. 09, 2012 12:46AM PST
    Base Metals Investing

    Reuters reported Aquila Resources (ASX:AQA) is scrambling to cut planned spending on an Australian iron ore project after cost estimates jumped a quarter to A$7.6 billion.

    Reuters reported Aquila Resources (ASX:AQA) is scrambling to cut planned spending on an Australian iron ore project after cost estimates jumped a quarter to A$7.6 billion.

    As quoted in the market news:

    Aquila aims to build a mine, rail and port in Western Australia with annual iron ore production of 30 million metric tons, but its half-owned project is under pressure due to weak Chinese steel demand, soaring capital costs and a strong local dollar.

    The West Pilbara Iron Ore project is one of the biggest in a $250 billion pipeline of planned mining investments in Australia that may be frozen or delayed as bankers get nervous about the outlook for iron ore and coal, and escalating costs.

    Click here to read the full Reuters report.

    asx:aqaaquila resourcesaustralian iron oreiron investingaustralia
    The Conversation (0)

    Go Deeper

    AI Powered
    Two people in suits shake hands, agreeing to a deal.

    Rio Tinto and Hancock Pledge US$1.6 Billion to Advance Hope Downs 2 Iron Ore Project

    iron ore mine

    Iron Ore in Australia

    Latest News

    Canada One Mining: Positioned for Significant Copper Discovery in  British Columbia

    Strategic Option Secured Over Feather Cap Gold Project

    1,173 Soil Geochemistry Samples Completed

    Corcel Exploration Reports Historical Drill Results Ahead of Planned Phase I Drill Program

    Canada One Acquires 4,836 ha Copper-Gold Property Adjacent to Copper Mountain Mine

    More News

    Outlook Reports world

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Base Metals Investing Stocks

    Cyclone Metals

    CLE:AU

    M3 Metals Corp.

    MT:CA

    Rockex Mining Corporation

    RXM:CNX

    Oceanic Iron Ore Corp.

    FEO:CA

    Ares Strategic Mining Inc.

    ARS:CNX

    Labrador Iron Ore Royalty Corporation

    LIF:CA
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES