Price tag put on iron ore province on NSW and South Australian border

Monday, 11 Jul 2011

It is reported that an AUD 7.6 billion investment may be required for infrastructure to support an emerging iron ore province on the NSW and South Australian border.

The initial estimate, put together by the Breamar Iron Alliance, was presented to the Australian Resources Chinese Investment Congress in Adelaide.

According to alliance spokesperson Mr Andrew Woskett, the figure is an idea of what would be needed to help the province emerge as a 50 million tonnes concentrate exporter. He said that "It's an estimate of all of the money that would be spent over the next decade to deliver all of the infrastructure solutions that are required. This includes water supply, power, rail and a port in South Australia. The Alliance has to continue to work on these scenarios."

Mr Andrew Woskett said that "There's a lot of engineering work to be done, there's a lot of financial planning to be done before we get to a point where we have a study or a result that can really be taken to Government and be given the credibility that ultimately we would seek to get."

The Braemar Iron Alliance was formed by eight companies working in the region to coordinate and maximize efficiency over the next decade.

(sourced from ABC.NET)