State Govt approves $1.8b extension at Yandicoogina
Posted On November 29, 2012
The State Government has approved a $1.8billion proposal by Rio Tinto to increase production and extend the life of its Yandicoogina Iron Ore project in the east Pilbara.
The Yandi Sustaining Project includes upgrades of major infrastructure, additional workforce accommodation and development of the Junction South West deposit as a new mining operation.
Premier and State Development Minister Colin Barnett said the go-ahead demonstrated the continuing strength of Western Australia’s iron ore industry and the industry’s confidence in the sector’s future.
“The iron ore industry will remain a major driver of investment and employment in WA into the future,” Mr Barnett said.
“As well as creating hundreds of construction jobs, this proposal will add eight years to the life of the Yandicoogina project, providing continued employment for about 1,000 people.
“It will also see production expand from 55 to 60 million tonnes per annum (Mtpa), adding to the State’s royalty income.”
The Premier said the project was approved under the Iron Ore (Yandicoogina) Agreement Act 1996.
Source: Projectlink.com.au
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