Ann: Landmark Deal On Costs - Mining Back On, page-72

Govt moves to save junior miners

The State Government has taken further steps to avoid the collapse of junior iron ore miners, cutting $2.50 a tonne off the port charges facing users of the Utah Point Bulk Handling Facility at Port Hedland.

The latest relief, worth an estimated $40 million, is valid for 12 months. It follows on from royalty relief for magnetite and small hematite producers.

The principal users of Utah Point are Atlas Iron, which announced a radical operational and capital restructure this morning to stave off collapse, and Mineral Resources.