china pulls out of $6bn wa project, page-29

Weld Range is a DSO orebody therefore the capital costs are not huge (in relation to a magnetite ore). EG last quarters Jack Hills DSO production costs were $85 per tonne, that is including road transport ($30 more than a rail system) and 12:1 stripping ratio, costs could come down to $50 with rail and normal stripping ratios. The BIF are as hard as hell up there so grinding can be a problem. Sino suggest a 15 year minelife at 15mta with further exploration. They also suggest 0.75mt magnetite at Jack Hills.
Sino are playing politics - I wonder what Ansteel think of all of this - no OPR - no new port - no big mine at Karara.