Comparatively, in reading the proposal, the following was the plan with a timeline included by IOH...
"Approval and Development Timeframes Development of the export facilities will be staged. IOH proposes to commence export activity at an initial rate of 2 Mtpa, ramping up to 4 Mtpa over the space of several months. Further development of mining activities would see IOH develop a second stage up to approximately 10 Mtpa capacity. Other potential users will develop their own project development and approval
time frames.
Key approval milestone targets for assessment under Section 38 of the EP Act are shown in
Figure 12 below. Key development milestones relating to the Proposal and the mining activity at
Bungaroo South that will provide the initial ore are shown in Figure 1
RHK Price at posting:
78.0¢ Sentiment: Buy Disclosure: Held
