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Infrastructure Project A National Priority

Friday, 9 September 2016

Infrastructure Australia Declares Central Eyre Iron Project (CEIP) infrastructure (rail and port) a Priority Project

The CEIP is only one of two South Australian Projects currently on the national Infrastructure Priority List managed by IA and was one of only four projects nationwide to be included in the current review.

Please click on the below flags for the full announcement in English or Chinese

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$4 billion iron ore project strikes agreement with China

Press Release from Premier Jay Weatherill and Minister Martin Hamilton-Smith
Wednesday, 9 September 2015

$4 billion iron ore project strikes agreement with China

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The stock exchange has today been advised that a major South Australian iron ore project has taken a significant step closer to development, after agreements were struck with five Chinese steel companies.

Iron Road has signed with five global leading Chinese steel companies, including with Shandong Iron & Steel Group at the Adelaide Convention Centre last night.

Please click here to read the whole press release

Assessment Level and Guidelines for CEIP Infrastructure Released

On 13 November 2014 the South Australian Government advised Iron Road Limited that the Development Assessment Commission has determined that the appropriate form of assessment for the infrastructure components of the CEIP is an Environmental Impact Statement (EIS). 

Read more: Assessment Level and Guidelines for CEIP Infrastructure Released

Central Eyre Iron Project (CEIP) EPBC REFERRAL INFORMATION

Update on EPBC Referral – proposed mining lease at Warramboo (Mining Act)

On 28 October 2014 Iron Road was advised by the Department of the Environment in Canberra that the referral document lodged in September 2014 relating to the proposed mine at Warramboo had been assessed and that the proposed action is not a ‘controlled action’.

This decision does not affect any other environmental approvals that Iron Road may be required to obtain pursuant to South Australian legislation.

Read more: Central Eyre Iron Project (CEIP) EPBC REFERRAL INFORMATION

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Sustained Policy Moves By Chinese Government Accelerating Steel Industry Transition To Higher Quality Raw Materials

Tuesday, 21 February 2017

Second Round of CEIP Debt Financing Discussions being held in Beijing this week

There is growing support for our CEIP project to supply high-quality, lower-emission ore to Chinese steel mills facing stricter environmental rules as the attached article in today’s China Daily suggests:

http://www.chinadaily.com.cn/business/2017-02/20/content_28261675.htm

With reports that China plans to invest 2.5 trillion yuan ($365 billion) in renewable energy through 2020 to reduce greenhouse gases and is seeking to curb emissions by iron and steel producers, there is clearly a need for the CEIP’s product.

Mills are being compelled to upgrade their plants or cease operations if they fall short of standards, according to Bloomberg Intelligence.
Managing Director Andrew Stocks said that the policy moves in China support the CEIP’S high grade iron road product and the Company will be meeting with financiers in Shanghai and Beijing over the coming months.

“The consistent high quality nature of our product will deliver significant and compelling advantages as we seek to meet the growing high end supply gap in the iron ore market.

I very much look forward to building a Project that will become a trusted and reliable supplier of premium iron concentrates to the Asian marketplace.”

Read the full China Daily story here

 

 

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