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Infrastructure - Cape Hardy

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Iron Road is proposing a significant new export facility on the east coast of the Eyre Peninsula.  The company has now secured sufficient land for a proposed deep water, 70Mtpa bulk export facility, capable of loading various size bulk carriers, including Capesize vessels.  This would be the first port in South Australia to support Capesize vessels.

Iron Road plans to export 20Mtpa of high quality iron concentrates for at least 30 years.  After allowing for the initial CEIP requirement, an additional 50Mtpa of capacity would be available for third party users from inception of operations.  The Port design supports straightforward expansion beyond the initial 70Mtpa capacity with minimal impact.

Standard gauge heavy rail will deliver product from the CEIP mine site to port, with route options potentially allowing connection into the national rail network.  Such a connection would unlock a cargo catchment from 25% of the Australian landmass.

Infrastructure for Webpage Dec 2016

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Sustained Policy Moves By Chinese Government Accelerating Steel Industry Transition To Higher Quality Raw Materials

Tuesday, 21 February 2017

Second Round of CEIP Debt Financing Discussions being held in Beijing this week

There is growing support for our CEIP project to supply high-quality, lower-emission ore to Chinese steel mills facing stricter environmental rules as the attached article in today’s China Daily suggests:

http://www.chinadaily.com.cn/business/2017-02/20/content_28261675.htm

With reports that China plans to invest 2.5 trillion yuan ($365 billion) in renewable energy through 2020 to reduce greenhouse gases and is seeking to curb emissions by iron and steel producers, there is clearly a need for the CEIP’s product.

Mills are being compelled to upgrade their plants or cease operations if they fall short of standards, according to Bloomberg Intelligence.
Managing Director Andrew Stocks said that the policy moves in China support the CEIP’S high grade iron road product and the Company will be meeting with financiers in Shanghai and Beijing over the coming months.

“The consistent high quality nature of our product will deliver significant and compelling advantages as we seek to meet the growing high end supply gap in the iron ore market.

I very much look forward to building a Project that will become a trusted and reliable supplier of premium iron concentrates to the Asian marketplace.”

Read the full China Daily story here

 

 

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