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Yilgarn in $1.5bn Oakajee debt deal

A BID by Mid-West resources group, Yilgarn Infrastructure Ltd, to build port and rail infrastructure to service the region’s new iron ore mines took a big step this week with the signing of a $1.5 billion financing deal with a Chinese bank. Yilgarn is in a contest with Murchison Metals Ltd and Midwest Corporation Ltd to win government and industry support for plans to build a $2 billion port at Oakajee and a rail network to service operations planned for the area inland from Geraldton.

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