THE BOURSE WHISPERER: Aquila Resources (ASX: AQA) announced the Commonwealth Minister for Sustainability, Environment, Water, Population and Communities has approved the Anketell Port proposal.
Aquila holds a 50 per cent interest in the Anketell Port.
This announcement follows approval by the Western Australian State Minister for Environment in February, which means all primary Western Australian State and Federal environmental approvals have now been granted for the mine, rail and port elements of the company’s West Pilbara iron ore project.
The Federal environmental approval for the Anketell Port Proposal was granted under the Environmental Protection and Biodiversity Conservation Act 1999 and is subject to certain conditions and procedures.
“Aquila believes the conditions of the Anketell Port environmental approval compare favourably with other recent major marine development approvals in Western Australia,” the company said in its ASX announcement.
The approval covers development of the shipping channel, turning basin, berth pockets, causeway and jetty from Anketell Point, as well as onshore infrastructure including stockpiles, ore processing facilities, desalination plant, power station, car dumpers, and road and rail links.”
Anketell Port – Proposed design. Source: Company announcement
Aquila indicated the Minister had simultaneously granted a sea dumping permit for the required dredging.
Receipt of this approval constitutes attainment of all primary environmental approvals for Anketell Port.
The approval brings to an end a process the company commenced tarted nearly four years ago when it first referred the Port Proposal to the Western Australian State Government.