No funding for Oakagee in latest state budget. Oakagee Port and Rail has been allocated a forward estimate of $339 million for 2012/13. No funding in budget for 2nd stage of 330kV powerline from Eneabba to Geraldton (necessary for port).
Junior minors to take the main brunt of increase in state royalties for ore. All this not good news for Oakagee Port and Rail. Spot looks safe for at least another season
Great news! Will have opportunity to sail there for another couple of seasons.
Still wonder what a shipping channel into Oakagee would do to Corro waves? Might loose two sailing locations...
