FerrAus Still Optimistic on Haulage Deal with BHP

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.

Joel Scanlon

Written by

Joel Scanlon

Joel, originally from the UK, emigrated to Australia in 1995 and spent 5 years working in the mining industry as an exploration Geo-technician where he developed skills in GIS Mapping and CAD. Joel also spent a year working underground in a gold/copper mine. Upon moving to the North Coast of NSW, Australia Joel worked as a graphic designer for a leading consultancy firm before starting a successful business providing graphic and web design services to local businesses on the eastern seaboard of Australia. Joel is skilled in project management, web programming, design, animation, database and networking, software and editing. Joel has been with AZoNetwork since its inception in 2000.

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