❓ Hon Peter Collier questions the Minister for Transport regarding the capital cost, timing, and financing of iron ore upgrades at Southern Ports, specifically related to Cliffs Natural Resources, and the recovery of borrowings from Mineral Resources Ltd.
AnsweredQoN 1261Legislative Council
QuestionView source ↗
TRANSPORT —
SOUTHERN PORTS ANNUAL REPORT
1261. Hon PETER COLLIER to
the minister representing the Minister for Transport:
I refer to the answer to question on
notice 4241, answered in the Legislative Assembly on 27 November 2018.
(1) What was the
total capital cost of the iron ore upgrades?
(2) When did the
upgrades take place and were the upgrades to facilitate the export of iron ore
from Cliffs Natural Resources?
(3) What was the
total amount of borrowings for the iron ore upgrades?
(4) What amount of
borrowings will be recovered from Mineral Resources Ltd through fees and
charges?
(5) What amount
of borrowings will not be recovered from Mineral Resources Ltd through fees and
charges?
SOUTHERN PORTS ANNUAL REPORT
1261. Hon PETER COLLIER to
the minister representing the Minister for Transport:
I refer to the answer to question on
notice 4241, answered in the Legislative Assembly on 27 November 2018.
(1) What was the
total capital cost of the iron ore upgrades?
(2) When did the
upgrades take place and were the upgrades to facilitate the export of iron ore
from Cliffs Natural Resources?
(3) What was the
total amount of borrowings for the iron ore upgrades?
(4) What amount of
borrowings will be recovered from Mineral Resources Ltd through fees and
charges?
(5) What amount
of borrowings will not be recovered from Mineral Resources Ltd through fees and
charges?
AnswerView source ↗
I thank the honourable member for
some notice of the question.
(1) The total
capital cost of iron ore upgrades applicable to the Cliffs Natural Resources
infrastructure was approximately $35.8 million.
(2) The upgrades
took place in approximately 2000–01 and were to facilitate the export
of iron ore from Cliffs Natural Resources.
(3) It was approximately $35.8
million.
(4)–(5) The
finance lease with Cliffs Natural Resources was fully reimbursed by Cliffs
Natural Resources in April 2017.
some notice of the question.
(1) The total
capital cost of iron ore upgrades applicable to the Cliffs Natural Resources
infrastructure was approximately $35.8 million.
(2) The upgrades
took place in approximately 2000–01 and were to facilitate the export
of iron ore from Cliffs Natural Resources.
(3) It was approximately $35.8
million.
(4)–(5) The
finance lease with Cliffs Natural Resources was fully reimbursed by Cliffs
Natural Resources in April 2017.
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