Billions for new mines, logistics assets in Qld, WA

Canberra signs off on new multi-billion dollar mines which will invest in new rail and port facilities

October 15, 2009

Federal Transport Minister Anthony Albanese has signed off on three multi-billion dollar mining proposal which will invest in new rail and port infrastructure in Western Australia and Queensland.

Albanese has granted major project facilitation to Hancock Prospecting to start development on a new iron ore mine at Roy Hill, 270km south of Port Hedland.

The project includes a 300km rail line to Port Hedland and new berths at Port Hedland's Inner Harbour.

The project is expected to cost between $5 billion and $7 billion and will commence construction in 2011 subject to further regulatory approvals.

The Minister has also granted permission for two new coal mines in Queensland’s Galilee Basin, which he says could also include the construction of common user rail and port facilities.

As well as the export of thermal coal, developers are considering a mine mouth power station and the prospects for a coal to liquids development.

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