Braemar Iron Alliance to Make $7 Billion Investment in Rail Infrastructure
Braemar Iron Alliance is likely to invest more than $7 billion at a new iron ore project near Broken Hill. As per the company the area between Peterborough in South Australia to Broken Hill is likely to become Australia's next major iron ore province.
Andrew Woskett the managing director of the Minotaur Exploration said that an upgrade of the rail network between Broken Hill and Spencer Gulf would be needed. He said that part of the $7.65 billion investment would be used for upgrading the whole rail network.
Mr Woskett also said that besides that there would be another $500 million needed for the trains that will be used to cart the 25 million tonnes of the total output from the mine down to the wharf. He also said that the mine would try to use some renewable energy in its total 500 megawatts of power.
The reference to the current carbon tax of the Gillard government was clear when Mr Woskett said that in this sort of economic climate, and this environmental climate that we're moving into with climate pricing et cetera, it would be nice, and it would be preferable, to be able to source this level of power from a renewable source.
Luckily Braemar has a new geothermal energy project coming up in the north. This along with some solar power generation will aid in the power generation needs for the mining project.
Written by
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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