Atlas Iron Limited (ASX: AGO) advises that North West Infrastructure (NWI) has received notice from the office of the Minister for Transport, Planning and Lands that implies that NWI does not have a priority right to develop Stanley Point Berths 3 and 4 in the Port of Port Hedland, Western Australia.
The Minister has confirmed that Stanley Point Berths 3 and 4 are set aside for junior miners. The Minister advises that the Pilbara Ports Authority will assess any application by NWI to develop these berths on its merits in accordance with the Pilbara Ports Authority’s standard port development processes.
Atlas considers that this position is contrary to the previous stated policy of the Western Australian government and is considering its position with respect to this notice.
AGO Price at posting:
4.5¢ Sentiment: Buy Disclosure: Not Held