Headlines reads "Mining amendments a milestone for site"
Citic Pacific Mining has welcomed the approval by the WA Parliment of amendments to the State Agreement Act which governs its mining project at Cape Preston 100 km south of Karratha.
The amendments mark a significant milestone for the Sino Iron project and will enable Citic Pacific Mining to produce and export magnetite concentrate in addition to pellets.
Prior to the amendments passing through parliment, approvals allowed CPM to develop a project that produces and exports a pellet product only.
The article is quite large, in fact takes up the whole of the front page, along with a photo of some your dude in his safety clothing standing in front of the new Mine Site Sino Iron 14 k entry sign on the NW Coastal Highway.
The last 3 paragraphs go on to say-
Citic Pacific Mining will contribute $400 million worth of direct social and environmental initiatives during the operations.
The project is the largest planned magnetite project in Australia and the firts to inclede large-scale downstream processing.
The green light for the increased production at the Citic Pacific Sino Iron Ore project at Cape Preston was announced as the Apache Energy re-ignited plans for its Devils Creek gas processing plant at Cape Preston.
It is worth a read and the rest of the article is positive, although I have sore fingers from just typing this. Cheers to all holders as another milestone is achieved going forward.
notthemama
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