Todd to go mining in WA at last – but at smaller scale

Todd to go mining in WA at last – but at smaller scale
Todd's new plans for its Pilbara mining project involve trucking iron ore to ports hundreds of kilometres away. (Image: Getty)
Pattrick Smellie
Todd Corp’s plans for a multi-billion dollar iron ore mine in the outback of Western Australia are being dramatically scaled down, with plans to build both a port and a 160 kilometre railway to the minehead shelved this week.Todd, the vehicle for investments owned by New Zealand’s wealthiest family, is the majority shareholder in the two companies involved the Pilbara Iron Ore Project (PIOP): ASX-listed Flinders Mines (FMS), which owns the tenement; and privately owned BBIG, which would develop the mine.Listed in 2002, the FMS...

More Markets

Listed property firms welcome ‘Investment Boost'
Property

Listed property firms welcome ‘Investment Boost'

The tax policy could translate into millions in extra cash.

Drury’s ASX stag, MetroGlass’s new owner, and more
Markets Small Cap Wrap

Drury’s ASX stag, MetroGlass’s new owner, and more

Rod Drury goes ‘pre-revenue’ again, plus small cap news from NZ.

NZX down as property company gets key renewal
Markets Market Close

NZX down as property company gets key renewal

ASB Bank has extended the lease for its downtown Auckland site for another nine years.

Tom Raynel 03 Jul 2025
Anna Scott joining Mercer
Markets

Anna Scott joining Mercer

Former Smart boss will replace current Mercer chief executive Martin Lewington.

Staff reporters 03 Jul 2025