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Researched by Industrial Info Resources Australia (Perth, Australia)--Caltex Australia Limited (ASX:CTX) (Sydney, Australia) won a $200 million contract to supply diesel fuel to the Roy Hill Iron Ore Mine project. Beginning this week, the company will supply fuel to the country's largest mining project, located in Western Australia's iron-heavy Pilbara region.
View Plant Profile - 1090445
View Project Report - 200006495 300134237
Caltex will supply more than 120 million liters of diesel to Roy Hill to meet all the mine's needs as the project becomes operational and expands production capacity. Fuel will be transported to the mine by road from Caltex's 40 million-liter storage terminal at Port Hedland.
The Roy Hill mine has commissioned on-site fuel storage infrastructure. It is assumed that the fuel will be used for trucks and power generation on site, and Caltex will supply the diesel-powered locomotives that will haul the iron ore from Roy Hill to Port Hedland.
The diesel supply deal is the latest milestone in the Roy Hill mine project. The project secured a $7.2 billion funding package from an international consortium of 19 banks, including Australia's big four lenders, in March and struck a $136 million deal in April with UGL Limited (ASX:UGL) (Sydney, Australia) to supply electricity.
The site has an indicated and inferred reserve of more than 2.4 billion metric tons of iron ore, and majority shareholder Hancock Prospecting Proprietary Limited (Perth, Australia) has predicted the mine will produce 55 million metric tons per year by 2015. The mine will have a 20-year operational life span.
Roy Hill is expected to employ more than 3,600 workers during the construction phase, and about 2,000 workers when operations begin.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
View Plant Profile - 1090445
View Project Report - 200006495 300134237
Caltex will supply more than 120 million liters of diesel to Roy Hill to meet all the mine's needs as the project becomes operational and expands production capacity. Fuel will be transported to the mine by road from Caltex's 40 million-liter storage terminal at Port Hedland.
The Roy Hill mine has commissioned on-site fuel storage infrastructure. It is assumed that the fuel will be used for trucks and power generation on site, and Caltex will supply the diesel-powered locomotives that will haul the iron ore from Roy Hill to Port Hedland.
The diesel supply deal is the latest milestone in the Roy Hill mine project. The project secured a $7.2 billion funding package from an international consortium of 19 banks, including Australia's big four lenders, in March and struck a $136 million deal in April with UGL Limited (ASX:UGL) (Sydney, Australia) to supply electricity.
The site has an indicated and inferred reserve of more than 2.4 billion metric tons of iron ore, and majority shareholder Hancock Prospecting Proprietary Limited (Perth, Australia) has predicted the mine will produce 55 million metric tons per year by 2015. The mine will have a 20-year operational life span.
Roy Hill is expected to employ more than 3,600 workers during the construction phase, and about 2,000 workers when operations begin.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
