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S Australia grants key approvals for A$4.5bn magnetite project

Creamer Media Senior Deputy Editor: Australasia
The South Australian government has awarded ASX-listed Iron Road a mining lease and development approval for its A$4.5-billion Central Eyre iron project (CEIP). CEIP is slated to be Australia’s largest magnetite mine with production capacity of 21.5-million tonnes a year over 25 years. The project will include the construction of a new 145 km rail link and deep-water port at Cape Hardy, near Tumby Bay.

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