WA to get new $5.6 billion iron ore mine

WA to get new $5.6 billion iron ore mine

The government of Western Australia will sign an agreement that will bring about a new AUS$5.6 billion iron ore project in the Pilbara region.

The project will be funded by Balla Balla Infrastructure Group (BBIG), a company owned by the billionaire Todd family from New Zealand.

Located on the Pilbara coast between Karratha and Port Hedland, the mine will produce six to 10 million tonnes of iron ore per year when fully operational.

A 160km railway and port will also be built as part of the project, which is set to create more than 3300 construction jobs and 910 jobs.

Premier Colin Barnett said: “This State agreement includes a requirement for local industry participation and community development plans to be submitted to the government for approval, maximising the benefits of the project for West Australians.

“The proposed export facility will use custom-built barges to transfer ore onto ships, reducing costs and environmental impacts.”