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Flinders’ Pilbara Project Receives a Boost as WA Backs Rail Plan
Jan. 05, 2015 10:22AM PST
Base Metals Investing Mining Weekly reported that Flinders Mines (ASX:FMS) appreciates the encouragement it has received from the Western Australian government’s backing for the construction of a new railway line in the region.
Mining Weekly reported that Flinders Mines (ASX:FMS) appreciates the encouragement it has received from the Western Australian government’s backing for the construction of a new railway line in the region.
As quoted in the market news:
At the end of December, the Western Australian government invited ASX-listed Rutila Resources to negotiate a state agreement for the construction of a railway in the Pilbara, linking the BallaBalla port with the proposed 25-million-tonne-a-year Pilbara iron-ore project, being developed by Flinders.
Flinders MD Ian Gordon stated:
With a clearer path to market via a state agreement and a positive result from the bankable feasibility study, we will be able to determine the returns to our company’s shareholders and be in a position to make an informed decision on whether to proceed with the project.
Once a positive final investment decision is achieved and financing available, the Pilbara iron-ore project production is expected to start in late 2017 or early in 2018.