View in Other Languages 
 |
Perth, Mar 18, 2010 (ABN Newswire) - Murchison Metals Limited (
ASX:MMX) (PINK:MUMTF) is pleased to announce that Oakajee Port & Rail (OPR) is now targeting initial capacity of 45 million tonnes per annum (mtpa) at the new Oakajee Port.
OPR has also announced Karara Mining (Gindalbie Metals (ASX:GBG)- Ansteel joint venture), Crosslands Resources Ltd (Jack Hills Iron Ore Project) and Sinosteel Midwest Corporation (Weld Range Iron Ore Project) as the potential foundation customers for the port and rail infrastructure projects.
Murchison and Mitsubishi Development Pty Ltd each own 50% of OPR and Crosslands.
Murchison's Executive Chairman, Paul Kopejtka, said: "When OPR was formed in 2007, we were confident that the development of infrastructure by OPR was the key to unlocking the potential of the mid-west region.
"The demand for capacity on the rail and through the port from potential customers in the region has exceeded our expectations and reinforces our long held view that OPR will be a viable, standalone business that will facilitate development in the mid-west region of WA.
"The selection of the potential foundation customers represents an exciting milestone for the project and has triggered a significant increase in the size of the project."
OPR is now working with the three selected mid-west miners to settle memoranda of understanding in the near future.
There is potential for further expansion of Oakajee beyond 45mtpa to meet additional demand from foundation and expansion customers.
OPR is on track to deliver a feasibility study to the Western Australian Government by the end of March with the final feasibility study to be completed later in 2010.
For the complete Murchison Metals Announcement including a copy of OPR's Media Statement dated 18 March 2010, please click the link below:
http://www.abnnewswire.net/media/en/docs/62464-ASX-MMX-484552.pdf
ASX:MMX) (PINK:MUMTF) is pleased to announce that Oakajee Port & Rail (OPR) is now targeting initial capacity of 45 million tonnes per annum (mtpa) at the new Oakajee Port.OPR has also announced Karara Mining (Gindalbie Metals (
ASX:GBG)- Ansteel joint venture), Crosslands Resources Ltd (Jack Hills Iron Ore Project) and Sinosteel Midwest Corporation (Weld Range Iron Ore Project) as the potential foundation customers for the port and rail infrastructure projects.Murchison and Mitsubishi Development Pty Ltd each own 50% of OPR and Crosslands.
Murchison's Executive Chairman, Paul Kopejtka, said: "When OPR was formed in 2007, we were confident that the development of infrastructure by OPR was the key to unlocking the potential of the mid-west region.
"The demand for capacity on the rail and through the port from potential customers in the region has exceeded our expectations and reinforces our long held view that OPR will be a viable, standalone business that will facilitate development in the mid-west region of WA.
"The selection of the potential foundation customers represents an exciting milestone for the project and has triggered a significant increase in the size of the project."
OPR is now working with the three selected mid-west miners to settle memoranda of understanding in the near future.
There is potential for further expansion of Oakajee beyond 45mtpa to meet additional demand from foundation and expansion customers.
OPR is on track to deliver a feasibility study to the Western Australian Government by the end of March with the final feasibility study to be completed later in 2010.
For the complete Murchison Metals Announcement including a copy of OPR's Media Statement dated 18 March 2010, please click the link below:
http://www.abnnewswire.net/media/en/docs/62464-ASX-MMX-484552.pdf
About Murchison Metals Limited
Murchison Metals Limited is an Australian ASX listed company. Murchison is included in the S&P/ASX 200 Index.
Murchison is a 50% shareholder in Crosslands Resources Ltd which is the owner of the Jack Hills iron ore project located in the mid-west region of Western Australia. The remaining 50% of Crosslands is held by Mitsubishi Development Pty Ltd ("Mitsubishi"), a subsidiary of Mitsubishi Corporation, Japan's largest general trading company.
Murchison also has a 50% economic interest in an independent infrastructure business, Oakajee Port and Rail ("OPR"). OPR was established to construct new port and rail infrastructure to provide logistics services to miners (including Crosslands) and other potential customers in the mid-west region of WA.
The remaining 50% economic interest in OPR is held by Mitsubishi.
In addition to its investments in Crosslands and OPR, Murchison owns the Rocklea iron ore project located in the Pilbara region of Western Australia.
|
||
|
 |
Related Companies |
>>>             Gindalbie Metals Ltd>>> Mitsubishi Corporation>>> Murchison Metals Limited |
| |
Related Industry Topics: |
Financial General | Mining | |
| |
This Page Viewed: (Last 7 Days: 130) (Last 30 Days: 560) (Since Published: 40430) |
(100710)
Events & Exhibitions
|
Site Search
| ENGLISH All Languages |
|
Mitsubishi Corporation | ||||||
|
|||||||
|
Murchison Metals Limited | ||||||
|
|||||||
AJAX UNION |
|||
|
|||
Companies in the News
ABN Newswire on iPhone/iPad
|
| Download from Apple |
Mobile Video TV
|
||
|
||
){kind=link}