Assuming BCI’s intention is to collaborate with API to jointly develop the Buckland Hills contiguous deposits, there are numerous issues to consider.
One interesting issue is that of Aurizon's investment in Aquila, and therefore their holding of a 15% share in the WPIOP.
Aurizon's holding assured them rights to supply the rail and port infrastructure solution - a 250klm rail line and new deep water port facilities at Anketell. The port facilities are/were to built in conjunction with Govt funds.
Aurizon paid $226mil in July 2014 for their 15% share of Aquila. Aurizon’s period of exclusivity to develop the integrated infrastructure solution for the WPIOP expired on 30 April 2016.
Aurizon has written down the entire value of their Aquila investment to zero, as of 30 June 2016.
This will be of interest when the WPIOP commences and what action Aurizon may take to insist on the rail construction. The lead time for a rail line construction (245klm's) i would imagine will be lengthy, so what happens in the meantime??????
Does mining not proceed at the WPIOP because Aurizon's rail line is not in place?????
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