colin barnett on opr extension..positive, page-2

Sounds like Barnett is NOT happy and wants a clear divide between OPR and Jack Hills. JHEP is a MMX expansion project. OPR a Mid West & WA project. OPR 1st JHEP 2nd. How I read it anyway.


Feb 25, 2009 (snippet) Yilgarn outlines plans for $2B rail project
Yilgarns proposal includes an interim infrastructure option to facilitate increased exports through the Geraldton Port before the operational availability of Oakajee.

This interim option offers much needed cash-flow to the regions mines and would provide the confidence for further investment by other mines in the region.

Yilgarn executive chairman John Saunders said the Geraldton option was designed as an interim solution and was dependent upon commitment by the WA Government to the Oakajee Port, as full regional development would require the economies of scale provided by a port able to take Cape size ships.

This option is an innovative measure to enable the mines to develop sooner, giving them early cash-flow options in a difficult economic environment. It would help reduce the risks associated with the financing of the Oakajee Port; ensure early royalty revenue to the State Government and would bring employment and economic stimulus to the Mid West, he said.

This option is an innovative measure to enable the mines to develop sooner, giving them early cash-flow options in a difficult economic environment. It would help reduce the risks associated with the financing of the Oakajee Port; ensure early royalty revenue to the State Government and would bring employment and economic stimulus to the Mid West, he said.