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Strike Resources, Dalian Huarui to study Apurimac project, rail and port link

Strike Resources Ltd. said Feb. 19 that it entered into a nonbinding memorandum of understanding with China-based Dalian Huarui Heavy Industry Group Co. Ltd. in connection with the former's Apurimac iron ore project and associated rail and port infrastructure in Peru.

The companies will work toward the advancement of the project, including the Peruvian government sponsored multi-user Andahuaylas railway, which would link the Apurimac project with the minerals export port of San Juan de Marcona.

The joint activities include further feasibility studies for the project and potential creation of a formal joint venture or consortium.

The Ministry of Transport and Communications in Peru recently kicked off a formal study to build a 570-kilometer multi-user railway from the inland city of Andahuaylas, 20 kilometers from the Apurimac project, to the San Juan de Marcona port.