China, Aust strike deal on iron ore mine

An Australian and Chinese partnership will develop an iron ore mine, rail and port project in Western Australia.

An estimated 3300 construction jobs are expected to flow from the $6 billion new Balla Balla iron ore mine, rail and port project in Western Australia.

Australian BBI Group and the China State Construction Engineering Corporation signed an agreement following Chinese Premier Li Keqiang's bilateral talks with Prime Minister Malcolm Turnbull on Friday.

The project includes an iron ore mine of between six and 10 million-tonnes-a-year, 162 kilometres of railway and a purpose-built export facility.

There will also be 900 permanent jobs after the project becomes fully operational.


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Source: AAP



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