Preliminary studies by the Yilgarn Iron Producers Association (YIPA) assert that modest improvements to infrastructure could unleash the iron ore potential of the mineral-rich region of Western Australia.
A "culture of cover-ups" has led to a fatality rate for mines in mineral-rich Western Australia which is three times greater than that of any other Australian state.
Both Australian trade minister Craig Emerson and treasurer Wayne Swan over the weekend entered the debate over whether the country is facing a period of decline as the country's resource-led economy loses steam.
Diversified miner Xstrata (LON:XTA) and commodities trader Glencore International (LON:GLEN) have now until October 1 to decided on the $36 billion lauded merger.
Takeovers and mergers in the global mining sector has slowed radically this year as a result of lower commodity prices, but Canadian companies continue leading worldwide mergers and acquisitions.