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Moloi said that looking at current market studies, the company would probably settle for a mix of supplying iron-ore to the domestic markets and exporting some product.
We would like to participate in the local market, but anybody that is considering operating in the bulk commodities market at the moment would have to count China, and also India and other traditional iron-ore markets as options," he said.
Moloi said that the company was in the process of completing a scoping study for the project that would provide it with accurate details to compile an appropriate funding model towards the development of this up-and-coming iron-ore development.
Before being CEO of Rio s iron-ore unit, Harris held a number of senior positions within the division, counting GM for the integrated planning and operations centre, GM for the West Pilbara operations and GM of asset management.
Jones said that Harris s credentials, experience and achievements in the iron-ore sector spoke for themselves, including a distinguished career at Rio, which saw him play a key role in the expansion of the major s iron-ore business in Western Australia, and the implementation of its technological breakthroughs at the Perth Operations Centre.
globalOre Europe handles an electronic platform for trading physical iron-ore, established to create a liquid and transparent marketplace to support wholesale market participants such as steel mills, iron-ore producers and traders.
globalOre is a standardised trading platform, enabling all trades to be made in accordance with the standard international iron-ore trading agreement to deliver its services with trans- parency, he said.