Terry Quinn
Executive Chairman
Padbury Mining Ltd
Given that the mid-west is shaping up to be Western Australia’s
next major mineral commodities export region, the uncertainty of
port and rail networks for ore producers has some in the mining
industry contemplating whether their glass is metaphorically
half full or half empty. On the other hand, Padbury Mining sees its
glass as positively brimming with plans.
Padbury is committed to becoming an iron ore producer in the
region, explains Executive Chairman Terry Quinn and, irrespective
of Oakajee proceeding, has applied itself creatively to overcoming
the major obstacle currently facing iron ore production in
the mid-west.
“
We dream big,” Mr Quinn says, “We invite people who work
with us to think in unlimited terms”.
Consequently, Padbury has acquired the preferred model
to finally get underway the building of a multi-user port and
rail network in the region, with its purchase of the intellectual
Drilling underway at Telecom Hill
property developed by Yilgarn Infrastructure. Confident that
“
big ideas are nothing if you don’t deliver”, Padbury has been
working with a core of the finest major international consultants,
and is in the driving seat to open up export channels for the
20
billion tonnes of magnetite ore already JORC resourced in
the region with nowhere to go, as well as to capitalise on its own
significant iron ore assets at Peak Hill.
“
Padbury’s primary aim is to be an iron ore producer and by
2017-18,”
Mr Quinn says of his Perth-based ASX listed mineral
exploration company. “We also plan to be a customer of the
$6 billion port and rail network that we are driving toward
development,” he says.
The mid-west region has a range of iron ore projects in various
stages of development, from junior exploration to producing
mines, as well as other significant mineral resource deposits and
Padbury has been exploring in the region for iron ore since 2009.
“
We currently have one billion tonnes of magnetite north-
west of Meekatharra, just up the road from Weld Range,”
Mr Quinn explains, “and we have plans to expand our holdings”.
Formerly Managing Director of Padbury Mining’s joint venture
partner, Aurium Resources, in development of the Peak Hill
Iron project, Mr Quinn joined Padbury Managing Director Gary
Stokes in 2012. He believes the combination of Gary’s exceptional
strategic abilities and his own for stimulating a ceaseless flow of
possibilities will ensure Padbury realises its plans to deliver the
infrastructure to the mid-west, in the same way as Fortescue did
in the Pilbara.
“
We have plans to be the Fortescue of the mid-west,” he says,
pointing out that Fortescue was once a small company with big
ideas. “In its execution of these ideas it has provided us with
a framework and a belief that we can deliver.”
Padbury has more than belief and ability, it also has 100%
ownership of Mid West Infrastructure (MWI) which owns the
intellectual property developed by Yilgarn Infrastructure – the
plans which Pacific Capital stated would “simplify and accelerate
the development of an alternate open access multi user rail
network and deep water port service provider, should Oakajee
Port and Rail (OPR) not proceed,” to service the mid-west’s mines.
In addition, Mr Quinn notes MWI’s version of the infrastructure
model, which differs in origin from the one that was put forward
by OPR, is a better fit with Chinese investors in the mid-west’s
iron ore sector.
Mr Quinn explains, “We have worked for 12 months to
progress this and are on the cusp of making it all happen. 50,000
foresighted shareholders in the region stand to benefit when the
port and rail project comes off and we are in negotiations daily to
lead the realisation of these plans to deliver the infrastructure, and
to turn the mid-west into the next iron ore producing hub in WA”.
Padbury’s plan to
open up the mid-west
Minesite 2013
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