"Another major element is ensuring that the industry competitive operating cost structure that Iron Road has demonstrated through many years of detailed studies may be underpinned by competitive power pricing in South Australia."
Yeah, right. South Australia has just demonstrated that it can't reliably deliver any power to anyone, thanks to their pitiful obsession with renewable energy. If they can't get their act together and start running some reliable power plants (coal, gas, nuclear, I don't care what they use as long as it's efficient and effective - which rules out solar and wind), do we kiss goodbye to the CEIP (IRD's Central Eyre Iron Project)?
Note: Rio Tinto has sold its 46.6% (?) interest in the Simandou iron ore project in Gambia for $1.1-1.3bn.
http://www.asx.com.au/asxpdf/20161031/pdf/43cgm9rsrmyhxw.pdf
Simandou resource is "over 2 billion tons". IRD's CEIP is 4.5bn tons. I think you will also find that IRD's is higher quality and more likely to get the necessary infrastructure into place (with both federal and state explicit support). Someone please knock some sense into SA's thinking on power supply.
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