Iron Road’s Eyre project a nice gap filler
No one project could fill the void left for the South Australian government by BHP Billiton’s decision to shelve its $30 billion Olympic Dam expansion. But if Iron Road can get its Central Eyre magnetite iron ore development off the ground, it will be a reasonable substitute.
No one project could fill the void left for the South Australian government by BHP Billiton’s decision to shelve its $30 billion Olympic Dam expansion. But if Iron Road can get its Central Eyre magnetite iron ore development off the ground, it will be a reasonable substitute.
On Monday, Iron Road confirmed it will build a deepwater port on the Eyre Peninsula, ensuring the capital cost for Central Eyre will top $4.5 billion and confirming its status as the second biggest resources project slated for the state behind Olympic Dam.
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