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FerrAus Still Optimistic on Haulage Deal with BHP

By Joel ScanlonDec 12 2010

FerrAus is hoping to still manage to negotiate a haulage deal with BHP Billiton. The junior iron ore mining company said that its talks with the mining giant have not broken down. The company said that reports that claimed this were incorrect in a number of respects.

As per the company the negotiations are on with BHP Iron Ore to determine the terms of a confidentiality agreement. The company statement to the Australian Securities Exchange mentioned that these negotiations are ongoing and once completed will enable negotiations for a rail haulage agreement to be finalised.

The response from FerrAus comes on the heels of an article in a newspaper that said that the two weeks of negotiations between the two mining companies had failed to reach any compromise. This was triggered by a FerrAus spokesman telling the press that negotiations with BHP were not progressing.

Since the company has iron ore tenements in the Pilbara region it needs the use of railway lines to get its produce into the ports for shipping. This is what they hope to achieve by using the BHP Billiton cargo rail lines.

Written by

Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

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APA
Scanlon, Joel. (2019, March 19). FerrAus Still Optimistic on Haulage Deal with BHP. AZoMining. Retrieved on April 25, 2024 from https://www.azomining.com/News.aspx?newsID=2018.
MLA
Scanlon, Joel. "FerrAus Still Optimistic on Haulage Deal with BHP". AZoMining. 25 April 2024. <https://www.azomining.com/News.aspx?newsID=2018>.
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Scanlon, Joel. "FerrAus Still Optimistic on Haulage Deal with BHP". AZoMining. https://www.azomining.com/News.aspx?newsID=2018. (accessed April 25, 2024).
Harvard
Scanlon, Joel. 2019. FerrAus Still Optimistic on Haulage Deal with BHP. AZoMining, viewed 25 April 2024, https://www.azomining.com/News.aspx?newsID=2018.