Cape Preston

What do Australians know about Cape Preston? Honestly what do we know about it? I googled it and found this:

.  .  .  .

During the mid-late 1960s, Cape Preston was considered as a possible location for an iron ore outport.[7][8][9] A similar plan was ultimately realised in 2012, and iron ore exports commenced in 2013.

Sino Iron Project

Resources company Austeel was granted permission to build an iron ore operation in the area in 2003 following environmental approval being given by then minister Judy Edwards. Construction of the operation was to commence in late 2004.[10]

A contract was awarded to develop the mine to a Chinese company, China Metallurgical Group Corp, in 2007. The project was estimated to cost $1.98 billion, including a magnetite mine, a seawater desalination plant, a thermal power plant and port facilities.[11]

.  .  .  .

As of 2016, the project is owned by Hong Kong-based CITIC Limited and according to the company represents “one of China’s largest investments into the Australian resources sector”.  .  .  .


One thought on “Cape Preston

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s