Mining sector opportunity

Readers should be interested in a proposed $1.85 billion iron ore project in the Pilbara region of Western Australia that could generate annual export revenue of about $1.6 billion. The project - known as the Pilbara Iron Ore and Infrastructure Project is owned by Fortescue Metals Group limited(FMG).

The project involves the development of mining and on-site processing plant assets together with a heavy haul railway to link the mining operations with a new port facility at Port Hedland.

This project should provide numerous opportunities for companies with a wide range of expertise to work with FMG.

The company is targeting annual iron ore production of 45 million tonnes per annum for an initial 20 years and is confident its project will be producing iron ore by the end of 2006. The dollar value of annual exports will be around $1.6 billion based on current iron ore prices.

Please email me if you require further information on this issue or any other business opportunities in Australia.

David
editor@agarcarlyon.com