With the South Australian Government declaring the proposed...

With the South Australian Government declaring the proposed Sheep Hill deepwater bulk commodities export port on the Eyre Peninsula warranting 'major projects' status, resource companies such as Centrex Metals (ASX: CXM) are poised to benefit.
The major project status is due to the economic importance of Sheep Hill.
Sheep Hill will provide a new iron ore export province on the Eyre Peninsula, along with the right port infrastructure to deliver timely and cost competitive exports to overseas customers.
Centrex and China Top 5 steelmaker, Wuhan Iron and Steel Company (WISCO) signed a agreement early last year to form a 50:50 joint venture to design and construct the deepwater port on 91 hectares of land secured by Centrex at Sheep Hill, which is located 26 kilometres northeast of Tumby Bay on Eyre Peninsula?s eastern coastline.
WISCO is a 60:40 partner with Centrex in the Eyre Iron joint venture to explore for, and potentially develop, a range of magnetite iron ore deposits within close proximity to the proposed Sheep Hill port site.
Centrex expects to complete execution of the formal Centrex-WISCO port joint venture soon.