Ann: IOH Secures Mining Lease for Bungaroo South , page-3

re: Ann: IOH Secures Mining Lease for Bungaro... Sorry to spam on this, but news in WA today is saying OPR now looks to be finished, not gonna happen. Plus I think BHP has shelved plans to expand one of their ports.

So if Anketell is also now a pipe dream... Port capacity out of WA is going to be completely choked up.

This actually looks good for IOH and their chances of getting this barge port approved because the WA Govt is now staring down the barrell of greatly reduced future royalties if none of these massive port projects are actually going to get developed.

IOH and their barge idea could promptly become flavour of the month because nobody else is going to be able to get their stuff on a boat. In fact it won't be long before someone proposes a second barge working off Mardie to get the capacity up to 16mtpa.