re: Ann: IOH Secures Mining Lease for Bungaro...
More news in WA today about the proposed expansion of the port at Esperance now being put on the back burner. Esperance is a long way from the Pilbara but premier Barnett must be absolutely spewing that all this infrastructure spending has been cancelled or delayed.
The front paper of today's paper here in WA puts the dollar value of all these deferred projects at $9 billion.
Ouch. Not only will they be looking to approve the barge port at Mardie, they will probably offer to kick in some coin to make sure it happens.
IOH Price at posting:
80.5¢ Sentiment: Hold Disclosure: Held
