Fledgling miners in the Yilgarn region of Western Australia have been given a boost by the State Government's decision to green light expansions at Esperance Port.
PerthNow reports WA Transport Minister Troy Buswell yesterday announced the Government's plan to find a company to design, finance, and build a new iron ore facility in Esperence.
The decision will help open up the Yilgarn to further development, with the region currently struggling from a lack of major infrastructure.
The Yilgarn, located between Perth and Kalgoorlie, contains a number of gold deposits, as well as significant reserves of iron ore.
Yilgarn Iron Producers Association CEO David Utting said the Government's decision was a win for miners in the reigon, and would help create “thousands” of new jobs in the sector.
The industry group estimates an extra 10 million tonnes of iron ore production in the Yilgarn would create 1000 direct and 3227 indirect jobs, with royalty contributions also getting a boost.
A completion date of early 2015 was outlined for the expansion, and studies have suggested an increase of 10-12 million tonnes a year would be viable.
Currently the port has a capacity of 11.5 million tonnes.