BC Iron has loaded its historic first ore onto Fortescue's train from the Nullagine Iron Ore joint venture. This is the first time that a junior iron ore miner has used third party rail infrastructure to transport iron ore in the Pilbara region.
There are plans to ship ore at a rate of a million tonnes a year from the Nullagine project which is a joint venture between BC Iron and Fortescue Metals Group (FMG).
BC managing director Mike Young said that Fortescue had committed to third party access in 2004 and they have delivered on that promise. He added that in forming a Joint Venture with Fortescue, BC Iron had been able to unlock the value of an otherwise stranded asset at a time when iron ore prices are hitting historical highs.
Fortescue Executive Director Russell Scrimshaw said that the provision of infrastructure access to junior miners in the Pilbara had always been an important part of the Fortescue story. They believed shared infrastructure was integral to unlocking the potential of the Pilbara to benefit the local, West Australian and Australian economies.