(c) REUTERS/Rebekah Kebede
A ship is loaded with iron ore at the port in Geraldton, Western Australia December 3, 2012.
A new deepwater port on Australia’s Indian Ocean Coast was supposed to be the showpiece of the country’s decade-long mining boom and open up a huge new iron ore belt to export to Asian markets. But twice in the past 15 years, plans for the port on a scrubby stretch of land 400 km (250 miles) north of Perth have collapsed, most recently last month due to spiralling costs and falling iron ore prices.
The move will keep a new chunk of iron ore from the Mid West region of Western Australia off world markets and further cement the stranglehold of Rio Tinto and BHP Billiton, the world’s No.2 and No.3 producers, who dominate the iron-rich Pilbara region further north.
(c) Reuters
This article contains reporting from Reuters, published under license.
Sign up for gCaptain’s newsletter and never miss an update
Essential maritime and offshore news, insights, and updates delivered daily straight to your inbox
The Vale Brasil arrived at Nippon Steel & Sumitomo Metal’s (NSSMC) Kashima port on June 18, marking the first time a VLOC has called on Kashima. Loaded with 390,000 metric...
Port Hedland is located in the North West Pilbara region of Western Australia and is the world’s biggest bulk export port by tonnage. The port regularly sails up to 6...
On 16 July 2013, the 53,450 dwt bulk carrier Bridgegate was loaded with her cargo of bauxite at a port at the Rio Tinto alumina refinery in Gove, also known as...
Subscribe to gCaptain Daily and stay informed with the latest global maritime and offshore news
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
