emerging wa companies

As mining giants RIO, BHP and FMG continue to make it big, a new wave of major iron ore projects is emerging in WA.

The resource sector is driving the WA economy and it's against this backdrop that companies such as ARH, CFE, AGO and MGX are developing projects that are likely to see them emerge as the next wave of iron ore companies.
Last year ARH bought the Balmoral South Iron Ore project , located in the Pilbara region southwest of Karratha.
A landmark acquisition, the project includes the right to mine one billion tonnes of magnetite iron ore. The company has already proven an indicated resources of more then 700 million tonnes.
Newly appointed managing director Andrew Caruso predicted that within five years ARH would be a major player in the iron ore industry.
We are slowly positioning the company as a significant and profitable new producer of premium iron ore products, " Mr Caruso said ARH will spend a further $15 million on site feasibility studies and is commencing a $2 million exploration program at it's other Pilbara-based operation, including the Sherlock Bay and Cat Camp nickel projects.
WA companies have also attracted the eye of overseas investors.
ARH is cashed up following the recent sign-off on a $56 million deal with Chinese steelmaker Shougang Corporation, which is part of a larger long term $2 billion plus transaction.