Fortescue Metals Group (FMG) has approved the development of the new Eliwana mine and rail project. The $1.7bn project includes a dry processing plant and 143km of rail infrastructure.
“FMG said a definitive feasibility study had already been completed with detailed design about to commence.” The project is expected to create 1900 construction jobs and 500 full time operations jobs. Plus, several hundred Engineers during detail Design Phase.
The Eliwana project is not the only one that has been given the go-ahead in Western Australia. Mining giants RIO TINTO Koodaideri ($2.8Bn) and BHP South Flank ($3.6Bn) all require 1000’s of people in order to complete these projects. Not to mention the Oil & Gas houses of Chevron who just committed a further $5.5Bn expansion to Gorgon. And the list goes on.
What effect does this have on Lithium WA projects?
Well to answer that we must look to the past. If we learned anything from the past it was the demand for skilled labour during the boom time quickly out stripped supply resulting in bidding wars between companies to get skilled people.
Where does this put WA’s new Lithium projects?
No one can say for sure. But in the past resource cycles have come and gone in WA and one can sense that another upward cycle has already commenced.
The question is if Lithium is ready for it?
— Amber Mining (@AmberMining) June 2, 2018
#Fortescue Metals Group’s board has approved the development of the US$1.28 billion #Eliwana mine and rail project located in Western #Australia @FortescueNews https://t.co/4tGghbMBpa #mining pic.twitter.com/k6UInL0qmV
— Mining Magazine (@MiningMagazine) May 29, 2018
.@BHP has asked WA businesses to help build its South Flank iron ore mine in the Pilbara, ahead of an expected go-ahead for the $4.7 billion investment next month.
— CCI WA (@CCI_WA) June 1, 2018
Western Australia on the brink of new mining boom