A group of Mid West iron ore miners has scheduled urgent talks with the Labor party, after it said it would scrap $339 million funding for the Oakajee port near Geraldton if it wins the March election.
Geraldton Iron Ore Alliance chief executive Rob Jefferies confirmed that the group - which represents miners including Gindalbie Metals and Asia Iron - will meet with Labor's senior shadow ministers today to argue the case for ongoing taxpayer support.
Mr Jefferies said that the companies were concerned further uncertainty would deter foreign investors in China and Japan, given the challenges the industry had already been through in recent years.
"Whether it is royalties, or the mining tax, or the carbon tax, we can't continually have significant policy changes and expect that the overseas parties who are considering investment involvement are just going to roll along with it all," Mr Jefferies said.
As reported by _WestBusiness _, shadow treasurer Ben Wyatt flagged scrapping $339 million in State Government funding for the common user facilities at Oakajee, such as navigation tools.A Labor government would return the port - which has stalled amid funding problems - to its original model of being fully privately backed but overseen by WA officials, to free up funds for other projects. Mr Jefferies said he wanted to clarify Mr Wyatt's statements, and discuss possible changes to the project that retained some funding.