Australia's largest stock trading and investment forum Australia's #1 stock forum

AGO

0.00%

4.5¢ atlas iron limited

NWI - Potentially open for all?, page-7

First 7 Last

Share
Profile

Follow
scrabble1

5,816 Posts.

1786

14/06/18

10:15

Post #: 33701467
Share

Originally posted by defabs ↑

On Friday, MIN mentioned the following:

The Company makes the followings observations:
1. Utah Point was built to exclusively support the juniors; and
2. It has long been bipartisan policy of Western Australian State Governments that access to
Utah Point is reserved exclusively for the juniors.

Ok I understand the initial plan was fof emerging juniors (as per below) but given the inevitable consolidation in the industry, that policy would need to be reviewed. It's unlikely that much capacity would be utilised by juniors thru there. Atlas and Brockman are the only ones with an interest at present in NWI.
http://www.nwioa.com.au/

I've gone through the Port Headland Authority Port Development Plan and there is no mention throughout the doc that NWI is just reserved for the juniors (page 15).

https://www.pilbaraports.com.au/PilbaraPortsAuthority/media/Documents/PORT HEDLAND/Planning and Development/PHPA-Development-Plan-Book_LowRes.pdf

The below ann from AGO in 2012 simply mentions that NWI up to 50mt capacity has B-Class port capacity.

In the diagram further below, Hancock's berth is next to NWI and that has 20mt of B class capacity and 35 A class capacity. The capacity type is shared between the two so long Hancock's plans to increase B class capacity only if it takes over AGO.

The below link is the vessel movements protocol at Port Headland. The different class types are explained also.

https://www.pilbaraports.com.au/PilbaraPortsAuthority/media/Documents/PORT HEDLAND/Port Operations/Permits and Procedures/Port-of-Port-Hedland-Vessel-Movement-Protocols-(A318282)_1.pdf

I don't think there should be any issues with either the big players utilising the excess capacity which has been there for 6 years and providing a revenue stream for the port

View attachment 1143058
View attachment 1143055

Expand

According to Pilbara Ports Authority NWI has access.

See second screen shot below
View attachment 1143055

AGO Price at posting: 3.7¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

Reply

Top Stories

EXR

Elixir winds up QLD operations with five of six zones flowing gas – but shares plummet -50%

LMS

Litchfield boosts its copper, base and precious metals footprint in the NT with acquisitions

DRO

Droneshield shares move up on $13.5M US govt contract

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

AKO

Madagascar mining minister expresses support for Akora's Bekisopa iron ore project