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Hello again Parma, I hope you are well :) Wall Street...

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  1. 5,305 Posts.
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    Hello again Parma, I hope you are well
    Wall Street straightened up a bit last night so we might be levelling out to ‘fly right’ over here in Australia today?

    ...I looked for some more news on RIO which didn’t elicit any. : /
    As a recap:
    From August 1 https://www.smh.com.au/business/com...lbara-mine-a-step-closer-20180801-p4zuwl.html
    ..”Rio Tinto will now begin engineering work, the development of a rail construction camp and the first stage of the Koodaideri accommodation camp.
    _________
    “Rio also said that Pilbara sustaining capital would be about $1 billion over each of the next three years, including replacement mines at
    West Angelas,
    Robe Valley and
    Koodaideri, with the latter still to be formally approved.”

    Here’s the Koodaideri camp ( I think pictures wereposted earlier as well )- it looks well and truly up and running .
    (The photo is from BG&E - another (enormous sounding) Perth-based civil infrastructure competitor company owned by employees )
    https://www.bgeeng.com/
    https://www.bgeeng.com/sw-mine-infr...odaideri-west-camp-flood-study?tmpl=component

    upload_2018-11-29_6-37-55.jpeg
    Also @Pioupiou ’s ICN Gateway tenders link again https://gateway.icn.org.au/project/4142/koodaideri-project



    A reminder on rail (also from way back June ....surely we are due for more updates !)
    : http://www.mining.com/rio-tinto-to-start-building-massive-koodaideri-iron-ore-mine-in-2019/
    “World’s second largest miner Rio Tinto (ASX, LON, NYSE:RIO) said Monday it will begin developing its Koodaideri iron ore mine in Western Australia's Pilbara region next year, highlighting parallel plans to de-bottleneck rail capacity, which should increase it to 360 million tonnes per annum (mtpa) in 2019”............

    New rail line likely to be around 180 km as per http://www.scopeaust.com.au/project/koodaideri-rail-options-study/

    (Adding 143 km of intended rail by FMG possibly results in the 300km spoken of by Jules in his address at the AGM last week when referring to outlook.https://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvTDYD4g69zxaZruBxke92GA==

    Outlook
    • Currently bidding work for replacement tonnes programs (Iron Ore).
    • Scope of works include 300km of new rail to construct and
    multiple Brownfield and Greenfield projects.
    • Directly addressable opportunities (earthworks and concrete)
    circa $2.5 billion over four years (ex South Flank).”
    Last edited by sabine: 29/11/18
 
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