FMS - "The Foundation Customer", page-573

https://www.parliament.wa.gov.au/pu...ce60c1651234825835c0007b3f9/$file/tp-2312.pdf

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Balla Balla Infrastructure Group Profile Balla Balla Infrstructure Group (BBI) is owned by Todd Corporation Ltd (90 percent) and Nyco Pty Ltd (10 percent). The delivery vehicle (BBI Holding Company – proposed) will be a 50-50 joint venture between BBI Group and Chinese investors. The BBI Group has advised the State Government that the BBI Group will manage the construction and ongoing operation of BBI project. The BBI project is a multi-billion dollar development linking iron ore deposits in the Central Pilbara region with a new iron ore export facility at the Balla Balla Port, via a 162 km purpose built railway. The cost to build the BBI project and a foundation customer mine is expected to be approximately $6 billion. Initial planned capacity of the rail and port is 50 million tonnes per annum with potential to scale. 18 Attendees Mr Peter Thomas Chief Executive Officer, BBI Mr Meng Wang Deputy Director of Investment, China Zhongchong Investment Group Co. Ltd Mr Harold Ou Wang Chairman, HHK Advisory Pty Ltd Mr Kevin Hobgood-Brown Advisor Ms Shirley Gao Advisor Key discussion points  A general update on the Project was provided, indicating encouraging progress.  Key Chinese partners are now well advanced for additional capital, construction, and off-take.  Facilitation by the Western Australian Government has been effective, and is appreciated by BBI Group. Picture 18: (L-R) Mr Harold Ou Wang (Chairman, HHK Advisory Pty Ltd), Mr Ralph Addis, Mr Peter Thomas (CEO, Balla Balla Infrastructure), Minister MacTiernan, Mr Meng Wang (Deputy Director of Investment, China Zhongchong Investment Group Co Ltd)