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Iron ore exports and mining project jobs for SA are set to increase following the state government declaring the Braemar Bulk Export Project a major development.
If approved, the $5 billion infrastructure corridor will include pipelines for water and iron ore slurry, power networks and fibre optic communications.
It will be used to transport iron ore from the north-east of the state to a floating storage, processing and offloading facility in the Spencer Gulf, off Yorke Peninsula, north of Wallaroo.
Gordon Toll from Braemar Infrastructure said about $3 billion would need to be raised and a development application lodged before the project could go ahead.
“We’re a private company, we’ll probably stay that way for some time because one of our major sources of finances will be private equity, private equity groups, there is a lot of money out there for private equity, investment groups searching for something just like this to invest in,” he said.
“The �project will allow for an eight-fold increase in the amount of iron ore currently being exported and provide a 385-kilometre infrastructure corridor.”� Mr Koutsantonis said.
Deputy Premier and Planning Minister John Rau said: “Major development status allows for the most sophisticated and thorough set of planning approvals available within our planning regime.
“There is a strong level of scrutiny applied to the project’s assessment, with significant consultation requirements.”
Infrastructure and Mineral Resources Minister Tom Koutsantonis said in a statement on Tuesday:�”When fully developed the project has the potential to increase the state’s exports of iron ore concentrate from 12 million to more than 100 million tonnes per year.”
If you’re searching for construction or mining jobs in SA then following this type of news is important to keep in mind. Being one of the largest resource projects in the state, jobs in SA are expected to be on the horizon.
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Reference:�Mining Project Jobs for SA
