reports
Flash note: Todd makes a compelling offer
Todd Corporation has announced its intention to make an offer for Rutila's remaining outstanding shares, proposing to pay A$0.30 in cash per share. Despite our positive view on the project, its relatively high-risk profile and the company’s unfavourable capital structure suggest that the offer may represent an attractive proposition for minority shareholders.
Flash note: Another permitting success
Rutila Resources has announced the Environmental Protection Authority's (EPA) approval of the Balla Balla port expansion. The company continues to make progress on the permitting front, with the Environmental Impact Assessment (EIA) and State Rail Agreement remaining the key milestones, as it aims to reach a final investment decision (FID) on the project in Q415.
Update: Invitation to State Rail Agreement negotiations
Rutila Resources has announced that it has been invited to negotiate a State Rail Agreement with the government of Western Australia. This is a major permitting milestone that, once achieved, will enable the company to commence the construction of the Balla Balla project private railway line. The company has also converted an MoU with the Chinese steel mill into a binding framework agreement. We have updated our Rutila model to incorporate the PFS-level opex and capex estimates for the port and ...
Update: Lower infrastructure capex; permitting update
According to Rutila Resources’ Q314 report, a prefeasibility study on the Balla Balla infrastructure (BBI) project has been completed, resulting in a significant reduction in the project’s total capital cost estimate. In addition, the project’s foundation customer, Flinders Mines, provided a positive capex update on its Pilbara Iron Ore Project (PIOP). Rutila continues to make progress on permitting, which together with iron ore market conditions remains the key near-term sensitivity for t...
Initiation: Iron ore and more
Through a JV with Todd, Rutila Resources holds a 65% interest in the Balla Balla export facility and a 68% interest in the Balla Balla magnetite project in Pilbara, Western Australia. The proposed infrastructure project is an integrated port and railway solution that aims to unlock the potential of the stranded mining projects in the Central Pilbara region. It should also benefit the company's Balla Balla iron ore project, which is expected to deliver 6-10Mtpa of sinter fines for blending to the...
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