QR National is evaluating an independent, multi-party railway to connect iron ore mines in the East Pilbara to Port Hedland.
QR National is evaluating the development of standard-gauge railway to be designed as a staged development to be progressively expanded to meet shipping allocations of customers at Port Hedland Port. Operation of the initial stages could commence as early as 2015.
“The value of an independent railway is that we can achieve the economies of scale by aggregating the tonnages of multiple parties, as well as delivering efficiency gains across a co-ordinated supply chain.”
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Agreement for the joint study with Atlas Iron should see quite an extensive independent railway if AGO are to develop most of their assets. Rail might swing past an IOH tenement.
IOH Price at posting:
$1.35 Sentiment: LT Buy Disclosure: Held
