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Baosteel Group of China moved closer to gaining control of an Australian iron ore project after Aquila Resources said its bid was better than a rival's. ... The West Pilbara project is expected ...
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However, it is the West Pilbara Iron Ore Project, 50% owned by Aquila and the remained equally shared between the private equity firm AMCI and the Korean steel giant POSCO, that is of greater ...
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of West Pilbara Iron Ore Project Cullen has 4 complementary components to its portfolio - the results of its successful Project Generator/Incubator Exploration Strategy. 1. Iron Ore Royalties borne out of JV's with Aquila (originally) and Fortescue 2. Early stage exploration for target delineation 3. Current JV's with Liontown, Fortescue ...
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Aquila Resources has started Supreme Court action against its joint venture partner in the West Pilbara iron ore project.
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Share. Chris Ellison's Mineral Resources has pulled the trigger on a $3 billion iron ore project with the backing of China's biggest steelmaker, state-owned Baowu, in a sign Beijing is still ...
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The West Pilbara Iron Ore (WPIO) Project is forecast to produce at least 30 million tonnes of iron ore per year, but has had several funding issues in the past.
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The West Pilbara Iron Ore Project (WPIOP) is a large iron ore and infrastructure project proposed for the Pilbara region of Western Australia encompassing integrated mining, processing, haulage and port operations. Find out more Environment And Community
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Martin Stulpner General Manager - Business Development Martin has been Aquila's Head of Commercial and General Manager - Iron Ore since 2016, with the responsibility for Aquila's stake in the West Pilbara Iron Ore Project.... more May Chan General Manager - Legal and Company Secretary
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Aquila, which has a market value of roughly $1.1 billion and had about $500 million in cash at the end of June, has estimated the West Pilbara project has a resource of about 1.71 billion tonnes and could be mined for more than 15 years. Construction has been set to begin in mid-2013. Read Next
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Jun 2, 2021MINERAL Resources has acquired a 15% stake in Aquila Resources, which holds a 50% stake in the 2.6 billion tonne West Pilbara iron ore project. Finance > M-a 02 June 2021
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The other 50 per cent is owned by Aquila Resources, which was taken over by Aurizon and Baosteel earlier this year in a $1.5 billion deal. Baosteel, which is more interested in the iron ore ...
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Aurizon stops work on Pilbara iron-ore project. ... and says it will cease all development work on its West Pilbara Iron Ore Project (WPIP) joint venture. ... The impairments relate to the value of Aurizon's investment in Aquila Resources, uncertainty over the timing of coal mining expansion in the Galilee Basin, and surplus rolling stock as a ...
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The Stage 1 West Pilbara iron-ore operation would require a capital investment of A$5.7-billion to deliver about 30-million tonnes a year of iron-ore, over a 15-year mine life. The Eagle Downs ...
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Aquila Resources has received environmental approval for the mine and rail facilities at the West Pilbara iron ore project in Western Australia. The Environmental Protection Authority (EPA) has granted approval to develop eight iron ore deposits and a 285km heavy-haulage railway from the mining area to the proposed new port at Anketell Point.
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Aquila is the target of $1.4 billion takeover bid from Chinese steelmaker Baosteel and rail operator Aurizon, as they look to kickstart the stalled $10 billion West Pilbara Iron Ore Project in ...
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7 days agoCredit: Mineral Resources. Mineral Resources (MinRes) has announced a positive final investment decision (FID) on the A$3bn ($2bn) Onslow iron-ore project in the West Pilbara region of Western Australia. Made through Red Hill Iron Joint Venture (RHIOJV), the FID for the Onslow iron ore project is expected to unlock the stranded deposits at the ...
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The West Pilbara Iron Ore Project, managed by API, is an iron export operation focused on the pisolite iron ore deposits located 30km to 85km south west of Pannawonica. It is due to be operational early in 2014. API prepared a Definitive Feasibility Study (DFS) to identify (within a +/- 15% margin), a cost for the devel-
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"Aquila's main asset is a 50 per cent stake in the undeveloped West Pilbara Iron Ore Project (WPIOP) in Western Australia," a Mineral Resources spokesman told The Australian.
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Hancock has signed a development agreement to lead a bankable feasibility study on the Hardey iron ore project in the West Pilbara. ... venture is 42.5 per cent owned by Aquila Resources, an ...
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May 5, 2014 - 5:01PM AAP CHINESE steelmaker Baosteel and rail operator Aurizon plan to kickstart the stalled $10 billion West Pilbara Iron Ore Project with a takeover of its major stakeholder. The pair have offered $1.42 billion for Aquila Resources, which has a 50 per cent stake in the project, sending Aquila's shares to a two year high.
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West Australian company Mineral Resources has again expanded its iron ore assets with agreement to acquire a 40% stake in the Red Hill Iron Ore JV, a mineral resource of 820Mt @ 56.44% Fe in the West Pilbara region. MRL will pay explorer Red Hill Iron $400M in staged cash payments and 0.75% royalty on future iron ore sales for its 40% interest in the project.
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Aurizon - West Pilbara Iron Ore Project Update Please find attached announcement for immediate release to the market. Yours faithfully Dominic D Smith ... Aquila Resources, POSCO and AMCI ("Mine Participants"). Aurizon delivered to the Mine Participants an initial, non-binding indicative ±25% tariff for the mine-to-ship ...
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Mon, 17 November 2014 12:42AM. An artist's impresstion of a new port at Anketell Point in the Pilbara. Credit: The West Australian. ANZ has thrown its weight behind Baosteel and Aurizon Holdings' push to establish a big Pilbara iron ore business after today signing a support agreement with the China Development Bank.
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May 4, 2014If the Baosteel-Aurizon bid is successful, and feasibility studies prove the West Pilbara Iron Ore project to be commercially viable, the partners expect to start producing iron ore in 2017-18 ...
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While Australian Premium Iron owns 50 per cent of the West Pilbara project, it holds 60 per cent of the project's iron ore rights, while 40 per cent is held by Perth-based junior explorer Red ...
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Mineral Resources and Chinese steelmaking giant Baowu have ticked off on the development of a new $3bn Pilbara iron ore project, with the first stage of the project expected to ship 35 million ...
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Since Baosteel made its initial investment five years ago, "Aquila has had numerous confidential discussions with the Baosteel Group about its potential direct participation in the West Pilbara Iron Ore Project," Tony Poli, Aquila's executive chairman, said Monday in a news release.
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Aquila said that along with its existing cash reserves, the sale ofIsaac Plains, Washpool, and its 25% stake in the Belvedere coking coalproject, would be sufficient to fund its share of the West Pilbara iron oreproject. American Metals and Coal International Inc (AMCI) is the 50% partnerin the iron ore project.
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Aquila Steel is a wholly owned subsidiary of Aquila Resources Pty Ltd which is owned 85% by Baosteel and 15% by MRL, while AMCI (IO) is owned 51% by AMCI and 49% by POSCO. MRL's Ashburton Hub project envisages annual iron ore exports of up to 30Mtpa, based on iron ore deposits including Bungaroo South and Kumina.
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Baosteel Resources, working with Australian rail operator Aurizon Holdings Ltd, took control of the West Pilbara Iron Ore project in July after sealing a $1 billion takeover of Aquila Resources.
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West Australian company Mineral Resources has again expanded its iron ore assets with agreement to acquire a 40% stake in the Red Hill Iron Ore JV, a mineral resource of 820Mt @ 56.44% Fe in the West Pilbara region.MRL will pay explorer Red Hill Iron $400M in staged cash payments and 0.75% royalty on future iron ore sales for its 40% interest in the project.
Get priceAquila Resources has passed a key milestone for its West Pilbara iron ore mine and rail project, after getting a nod of approval from the state's environmental watchdog.The Environmental Protection Au.
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a joint venture between Aquila Resources Limited and American Metals and Coal International Inc. in respect of the West Pilbara Iron Ore Project. 30 JUNE 2009 STRIKE RESOURCES LIMITED ... The Apurimac Project has a JORC Indicated Resource of 133.5 million tonnes of iron ore atan average grade of 59.4% Fe. 5. Concession Tonnes Fe% AI. 2. O. 3 % ...
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Mineral Resources bought a near 13 per cent stake in Aquila Resources last week, and on Monday made a share-swap takeover offer for the Pilbara explorer that valued it at $1.5 billion.
Get priceAquila Resources has had to move spending on its fledgling Pilbara iron ore project to "minimum" levels due to a dispute over its budget with joint venture partner AMCI. February 5, 2013 0 comment
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Ranges Iron Ore Project") which is located in the Hamersley Basin area in the Pilbara region of Western Australia. Volta Mining 's recently acquired wholly owned subsidiary, Pilbara Commodities Limited (" Pilbara Commodities"), has an agreement with Epienergy to acquire Epienergy's 100% right, title and interest in the licence.
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Jun 1, 2021Mineral Resources wants to raise its total iron ore output from about 21 million tonnes this year to 92 million tonnes over the next five years. A subsidiary of Mineral Resources has bought rail...
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ASTRAL RESOURCES SHARPENING ITS MANDILLA GOLD QUEST WITH NEW ASSAYS. Explorer Astral Resources is close to completing an updated mineral resource estimate for its 100%-owned Mandilla gold project, potentially one of the premier undeveloped gold projects in Western Australia's Eastern Goldfields.
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Aquila holds the rights to minerals other than iron ore and diamonds over 32 exploration tenements.Aquila's exploration objective is to identify targets within the tenement package prospective for the discovery of a stand alone mineral deposit. The commodities targeted include manganese, gold, silver, uranium and base metals. Primary Activity
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11 May 2015 West Pilbara Iron Ore Project Update Aurizon Holdings wishes to update the market regarding the West Pilbara Iron Ore Project (the "Project") following recent discussions with the other participating companies, Baosteel Resources, Aquila Resources, POSCO and AMCI ("Mine Participants").
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