$6b iron ore project de­layed

Pilbara News - - News - Peter Wil­liams

BBI Group has pushed back a dead­line for its $6 bil­lion iron ore Pil­bara port and rail project by 18 months and re­ported poor drilling re­sults.

The Todd Corp-backed com­pany has also struck non-bind­ing off­take deals with Chinese cus­tomers for up to 40 mil­lion mil­lion tonnes per an­num of ore.

Associated com­pany Flin­ders Mines last week said BBIG had ob­tained an ex­ten­sion un­der a State Agree­ment for the sub­mis­sion of pro­pos­als for the Balla Balla project from March 2019 to Septem­ber.

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