Aquila plans new Anketell port alone

Aquila Resources Ltd says it is continuing to plan the development of a new iron ore export port in Western Australia, despite potential joint venture partner Fortescue Metals Group Ltd putting on hold an associated project. Fortescue, Aquila and the Metallurgical Corporation of China Ltd (MCC) in March submitted a concept plan to the WA government to jointly develop a multi-billion-dollar port at Anketell Point in the state’s Pilbara region.