IRON ORE PROCESSING (MINERALOGY PTY. LTD.) AGREEMENT BILL 2002Iron Ore Processing Agreement • March 5th, 2009
Contract Type FiledMarch 5th, 2009The legislation before the Chamber is a state agreement Act and fundamentally the Parliament has two options: to either agree or disagree. It is not our role to make any changes or modifications to the agreement. In my view that is how it should be. The Bill is designed to ratify the Iron Ore Processing (Mineralogy Pty. Ltd.) Agreement dated 5 December 2001, between the State of Western Australia and Mineralogy Pty Ltd and six co-proponent companies. The deposit that the company wishes to develop is located near Cape Preston, west of Dampier. It is a significant magnetite iron ore deposit located close to the ocean, and as such the cost of transporting the iron ore from the deposit to the processing stage and then to the port is minimal by comparison with the existing iron ore deposits in the Pilbara.