iron valley transaction with mineral resource , page-32

Superwealthy

IOH's barge port will have to be a state port for multi-users. The state set land aside at Cape Preston a couple of years ago and is now resuming a large area for a multi-user port which IOH and other iron ore miners can use to export its iron ore. The state can't resume land just for IOH it has to be for use by the state for a public work.

Cape Preston Port already exists,so its not a new port, for the Clive Palmer project and is run by the WA government. I'm not sure who will build the multi-user port which IOH wants to use but whoever does, say its IOH, I think it will become the state's property just like any other state port.

I expect other potential users of the multi-user port have already contacted the state to try to get access to export their product.

The planned state owned multi-user port isn't a secret just for IOH to use. A couple of juniors have already talked publicly about plans to export through the multi-user port.