The Sino Iron project will add an estimated $75 billion in export income to the Australian economy over the next 25 years. The project's significant investment in downstream processing will ensure additional employment opportunities as the project transitions into full operation. We have a strong ‘buy Australian' commitment with a significant amount of goods and services being sourced within Australia over the life of the project.
The Pilbara community will benefit from rates that will be paid over 25 years to the Shire of Roebourne. There has been a major employment dividend with the project creating about 4,000 jobs during peak construction and 1000 permanent roles during operation.
The Sino Iron project will deliver massive benefits to Australia and China for decades to come. Because magnetite processing is new to Australia, but has been undertaken in China for decades, there is the transfer of skills and technology from China to Australia resulting in the development of a new magnetite industry for our State.