Aurizon Finds Partners for West Pilbara Project

first_img My location 此页面无法正确加载 Google 地图。您是否拥有此网站?确定 zoom American Metals & Coal International (AMCI) and POSCO have joined Baosteel Resources in an infrastructure agreement with Australian transport & logistics company, Aurizon for rail and port infrastructure to support the West Pilbara Iron Ore Project (WPIOP) in Western Australia.The finalisation of the Infrastructure Framework Agreement (IFA) between AMCI, POSCO and Baosteel with Aurizon creates a pathway to constructing world-class rail and port infrastructure for a new iron ore province in the Pilbara, with exports targeted for 2017/18, Aurizon says in a release.It represents the first major milestone for the WPIOP since the AUD 1.4 billion acquisition of Aquila Resources by Baosteel and Aurizon was completed in July this year.The first stage of the project involves development of a new deep-water port at Anketell and a 280 kilometre railway to support at least 40 million tonnes per annum throughput from eight mining areas.The infrastructure could be expanded in the future to accommodate additional tonnage from both foundation customers and other miners without access to rail and port infrastructure. The Western Australian Government estimates that Anketell has a potential export capacity of up to 350 million tonnes per annum.“AMCI has been invested in this project since its inception a decade ago and we’re pleased past issues are behind us,” said Hans Mende, President of AMCI. “The agreement brings together parties that can genuinely underpin delivery of one of the most exciting resource projects on the globe. We’re committed to making this greenfield iron ore project a commercial reality and helping establish a new phase of economic investment in Australia.”The WPIOP is being developed by the Australian Premium Iron Joint Venture (APIJV), a 50/50 joint venture between Aquila (Baosteel 85%, Aurizon 15%) and AMCI (IO), which in turn is 51/49 owned by AMCI and POSCO.Kimok Yun, Senior Vice President of Raw Materials department of POSCO, said: “POSCO considers the delivery of rail and port infrastructure is a key component of facilitating the development of the Pilbara project. We are pleased to discuss the development of the rail and port infrastructure with such capable companies. All four parties are heading in the same direction and we look forward to working together to progress the project.”Under the terms of the IFA, Baosteel, AMCI and POSCO have provided Aurizon with a period of exclusivity to develop an infrastructure solution for WPIOP. The existing minimum 12-month period of exclusivity has been extended until up to January 2016, subject to Aurizon delivering an acceptable base tariff (+/- 15%) by the applicable milestone date (currently anticipated at October 2015).If Aurizon does not deliver an acceptable base tariff by the applicable milestone date, or a commercial agreement cannot be finalised by the expiry of the exclusivity period, then Baosteel, AMCI and POSCO have the right to terminate the IFA and seek other options to progress the WPIOP.“Aurizon’s job now is to deliver a commercially-attractive and scalable infrastructure solution for Baosteel, AMCI and POSCO. We know that the creation of world-class rail and port export infrastructure is critical to driving globally-competitive exports and economic wealth for the country,” Aurizon Managing Director and CEO Lance Hockridge said. Print  Close Press Release; September 11, 2014last_img read more

MSD turns a year older team a bit wiser

first_imgLeeds: In the grey sideburns lies his cricketing wisdom that Virat Kohli so banks upon and Mahendra Singh Dhoni, who turned 38 on Sunday, is all pumped to empty his tank and buy himself the best birthday gift possible — another World Cup triumph. One of the freeze-frame moments of Indian cricket is Sunil Gavaskar raising Kapil Dev’s hands at the Lord’s balcony on June 25, 1983. The best birthday present for Dhoni would certainly be Kohli and Rohit Sharma carrying their ‘skipper’ on a lap of honour at the Mecca of Cricket. Also Read – Dhoni, Paes spotted playing football togetherThat is if India make it to the final and then go the distance. Also, that is only if Dhoni sheds off his reluctance to let the emotions flow on what could be the most poignant day of his fascinating career. “We might celebrate his birthday on the bus on our way to Manchester,” Rohit Sharma said when a vernacular journalist kept on funnily ‘probing’ the Indian vice-captain to say something on the legend’s birthday. Skipper Kohli has time and again reiterated that Dhoni remains “his captain”, and it is no different in this whole Indian team set-up where the he enjoys unstinted support. Also Read – Andy Murray to make Grand Slam return at Australian OpenThe team is insulated from all the talk surrounding his waning abilities as a batsman and the players trust their ‘mentor’. He remains the good old banyan tree under which the players find their shade and, at times, a bit of warmth, when professional sport becomes ruthless and lonely. Whether its Kuldeep Yadav or Yuzvendra Chahal being tonked by Jonny Bairstow or Angelo Mathews launching into Bhuvneshwar Kumar, they know that someone would sprint those 30 yards from behind the stumps, put an arm around their shoulder, and may be whisper a couple of words. It works like magic on occasions. On occasions, it’s just an assurance with unspoken words, ‘Don’t worry, you belong here’. Mohammed Shami disclosed after his hat-trick against Afghanistan that Dhoni’s suggestion to bowl yorker was spot on.last_img read more

Australian spy charged with bugging leak denied legal aid

CANBERRA, Australia — A defence lawyer says a former Australian spy charged with conspiring to reveal classified information about an allegation that Australia bugged East Timor’s government during negotiations over the sharing of billions of dollars in oil and gas has been denied legal aid and might not be able to adequately fund his case.The charge against the spy was discussed in a Canberra court on the eve of the prime minister flying to East Timor on Friday to begin a new revenue-sharing agreement.The spy’s allegations that Australia bugged East Timorese Cabinet rooms in Dili in 2004 during treaty negotiations led to a 2006 treaty being scrapped.The spy’s lawyer Haydn Carmichael told a magistrate on Thursday he and other lawyers were representing their client for free.The Associated Press read more