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New mega-iron ore port to launch

New mega-iron ore port to launch
A new mega-iron ore port at Anketell in Western Australia's Pilbara region could be operational by 2015, Ocean Intelligence learned from sources this week.

New mega-iron ore port to launch in 2015.

A new mega-iron ore port at Anketell in Western Australia's Pilbara region could be operational by 2015, Ocean Intelligence learned from sources this week.

State government officials are said to be banking on the project to meet what is being described as "booming" demand for steelmakers around the world.

Australian mining firms are widely known to invest generous sums of money into logistical development like port projects.

Demand is to a large extent being driven by Chinese steel-making requirements.

Western Australian Premier Colin Barnett has been quoted saying that the Anketell precinct could ultimately include a port with more than 350 million metric tons in export capacity, and would be developed to accommodate multiple users and different mineral commodities.

"The strength of WA's iron ore exports and the growth plans of current users are testing the capacity of the existing Pilbara ports," Barnett told the press.

"The Anketell port and industrial precinct will provide opportunities for new exports and processing of iron ore and other minerals," he added.

Fortescue Metals, the China Metallurgical Group Corporation and API Management, a joint venture between Aquila Resources and private investor AMCI have been identified as possible investors in the Anketell project.

No firm details however, are currently available on the exact nature of funding or construction programmes.

According to Dow Jones, API would use the port to export material from its West Pilbara iron ore project with planned output of 30 million to 40 million metric tonnes (mt) a year, Fortescue from its 30 million to 60 million mt Solomon project and China Metallurgical from its 15 million mt Cape Lambert magnetite project.

www.turkishmaritime.com.tr

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