That $6bn TenderBook..., page-254

Hi Pioupiou I found a video of your football ditty but dare not post it.

I also found a link about the RCR relocatable conveyor. It surprised me that it was only finished last June.
RCR was putting out upbeat press releases about this and it’s work at PLS even as it was about to go into suspension prior to its $100M capital raising that, seemingly, only kept it going long enough for a few people to leave ...
https://www.australianmining.com.au/news/fortescue-relocatable-conveyor-running-cloudbreak/
This story clearly says the design was a collaborative effort between RCR and Fortescue so perhaps the technology will be restricted to Fortescue mines....
...which, if FMG likes the system, would definitely lead to it wanting another at Eliwana?




IRON BRIDGE?
You have been mentioning Iron Bridge frequently Pioupiou.
If this magnetite project goes ahead, there will possibly be another conveyor ordered for there.

Here’s some more background on timing and size and partners in case it is of interest :
https://thewest.com.au/business/min...idge-magnetite-to-the-new-year-ng-b881034996z noted on November 29 last year Fortescue delayed a decision as it needed to finalise costing and get approval from joint venture partners, Taiwan’s Formosa Group and China’s Baosteel.

A more recent (previously linked ) story from The Bull on March 11 ; http://www.thebull.com.au/premium/a/80629-lessons-from-the-resurrection-of-the-iron-ore-miners.html seems to indicate the project is bigger than Eliwana . Re Fortescue it says ...
...”Perhaps its most significant future project is the Joint Venture partnership in Iron Bridge Magnetite Project. Magnetite iron ore has consistently higher ore grades than the more commonly mined hematite. ..”


However it has already been a long time in the consideration ....in 2017, a decision was expected in FY 2018 according to AFR : (This bit is not paywalled ):

“Fortescue Metals Group to make Iron Bridge magnetite project decision in FY18
Fortescue Metals Group is expected to make a decision on the future of its $1 billion-plus Iron Bridge magnetite project this financial year, in what could be a well-timed foray into higher grade iron ore exports for the Pilbara producer...”

And I cannot find any updates from submissions to the EPA since August 2012-http://www.epa.wa.gov.au/proposals/north-star-hematite-project

If they really are going to make a decision “soon”, as per Pioupiou’s story of February 7, I suppose soon will be quite soon, given we are already seven weeks on.
Possibly ‘soon’ means before the end of FY 2019 ....
Even if, ‘soon’ , they soon decide to hold off on the project it is probably good to keep ‘something for later’

Cheers