April 19, 2014     Japanese 
  JCN 
	  Network - Home
JCN Newswire
  Home  |  Companies  | Annual Reports  |  CSR  | News Alerts     
 
Share:
ITOCHU and Mitsui to Expand Supply Capacity of Western Australia Iron Ore Operations
 

Tokyo, Feb 7, 2012 (JCN) - ITOCHU Corp. and Mitsui & Co. Ltd have approved the pre-commitment funding for the outer harbour facility associated with the Western Australia iron ore operations, which are run as joint ventures with BHP Billiton (Australia & UK). The pre-commitment funding totals $917 million with the ITOCHU and Mitsui share at approximately $138 million.

The decision is in line with the expansion project to increase the installed port capacity by 100 million tons per year through the construction of outer harbour shipment facilities at Port Hedland and landside infrastructures including stockyards and a rail spur. The pre-commitment funding will enable the progress of feasibility studies and the procurement of long lead-time items, and will allow dredging to begin subject to necessary regulatory approvals. In parallel with this work, engineering studies are underway to match mine and rail expansions to the expanded port capacity.

The project is expected to be reviewed for full approval in the fourth quarter of calendar year 2012 and start-up is expected in the first half of calendar year 2016. This project has an embedded option to expand by another 100 million tons per year.

By Chris Lui Staff Writer

Copyright © 2014 JCN. All rights reserved. A division of Japan Corporate News Network KK.


 Company Profile |   Print  |   Alerts
ACN Newswire

 Recent  Mitsui  News  
  Mitsui Forms Joint Venture with a Brazil-based Major Agricultural Producer for Large Scale Farm Operation  (Sept 4, 2013)
  Basic Agreement concerning Integrated Block Development Project, and Rebuilding of Mitsui & Co. Head Office  (Aug 8, 2013)
  Mitsui & Co to Participate in Power Generation Project in South Africa  (June 6, 2013)
  Mitsui and EDF EN Mexico to Partner in Wind Power Generation Project in Mexico  (Jan 9, 2013)
  Mitsui Acquires U.S. Brand Paul Stuart  (Jan 8, 2013)
  Mitsui Takes Stake in Gestamp Automocion, Global Auto Components Supplier  (Jan 7, 2013)
  FEED Contracts Awarded for LNG Development Project in Mozambique  (Dec 21, 2012)
  Callide Oxyfuel Project Enters World's-first Demonstration Phase for Process of Oxyfuel Technology & CO2 Liquefaction  (Dec 18, 2012)
  Mitsui Takes Stake in Renewable Energy Power Generation Projects in Canada  (Dec 17, 2012)
  Panasonic to Establish Fujisawa Town Management Company with its Partner Companies  (Oct 1, 2012)



 Recent  Metals & Mining News   
Teijin DuPont Films Develops World-class Flame-retardant Film (Apr 8, 2014)
AGC Develops New Refrigerant for Air-conditioning with One-sixth the Environmental Impact (Mar 20, 2014)
Toyobo, with Indorama of Thailand, Acquires German Airbag Yarn Manufacturer PHP Fibers (Feb 4, 2014)
ITOCHU and Canada's Kaizen Discovery in Collaborative Mineral Resources Exploration and Development (Feb 3, 2014)
Shimadzu Develops Blue Direct Diode Laser with New High Brightness Levels (Oct 12, 2013)
Yokohama Rubber to Build Pneumatic Marine Fenders and Marine Hoses Plant in Indonesia (Oct 11, 2013)
IHI and Hyundai WIA Launch Vehicle Turbocharger JV in South Korea (Aug 9, 2013)
Asahi Kasei Chemicals to Manufacture Polyamide 66 Compounds in Indonesia (Aug 8, 2013)
AGC Expands Plant for Caustic Soda and Vinyl Chloride in Indonesia (Aug 6, 2013)
Teijin's Technora Para-aramid Fiber to be used in Space Elevator Challenge (Aug 6, 2013)

More Metals & Mining news...
 
CSR Report Download
Annual Reports

  More >>    
Most Popular


About JCN | Privacy Policy | Terms of Use | JCN Network (日本語)