Chinese partner helps bring down Central Eyre project cost

Capital costs for the Central Eyre iron project (CEIP), in South Australia, has been slashed by some $295-million, from $4-billion to $3.7-billion. ASX-listed Iron Road told shareholders this week that the company’s partner China Railway Group Limited (CREC) had delivered the capital savings as part of the joint project commercialisation programme, with further savings expected from a final mine plan and schedule review.