Strike Resources Limited (AU:SRK) has released an update.
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Strike Resources Limited has announced that the Peruvian Government approved technical studies for the San Juan de Marcona-Andahuaylas railway project, which is expected to cost USD$8.16 billion and potentially benefit Strike’s Apurimac Iron Ore Project by connecting it to a new port terminal. Construction of the railway is set to begin between 2026 and 2027 with completion aimed for 2032, and it’s part of a larger effort by Peru to enhance its infrastructure, attracting interest from China and other nations. The project will be executed under a Government to Government scheme and is aligned with the creation of a new Ministry of Infrastructure to centralize investment promotion.
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