GLOOM: A shadow has been cast over the development of the Oakajee port after Sinosteel MidWest shut down its iron ore operations.

Oakajee port project takes major hit

The future of Western Australia's $5 billion-plus Oakajee port and rail development has been dealt a further blow, after a major foundation customer closed its mid-west iron ore operations.


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The sad reality is that magnetite is a very costly iron ore to produce when compared to the Pilbara iron ores. If the viability of the proposed Oakajee port is largely dependent on new magnetite projects starting up in the mid-west, then the future of the port is uncertain, possibly even unlikely.

So sorry to hear this so much Potential so great an opportunity. Very distressing how we appear to be not only going the way of the dragon but more how we vote in fellas that would rather build the AFL a bloody stadium and expose more of the Swan River with a stupid redevelopment. Tonight it will be cold and many will be on the streets,Jobs,Education,and sustainable projects with a thousand years of potential. Good By Colin

The SinoWest initial project is a hematite project - not a magnetite project . Though no doubt once the port is built it will provide the infrastructure needed so that the lower production of surrounding magnetite mines have a viable means of exporting product With high iron ore prices we should be developing the lower grade mines to maximise mining value

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