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The Central Eyre Iron Project has been granted major project facilitation status by the federal government.

It’s expected to be a big boost for the SA economy – eventually bringing in up to $3 billion a year – earned from exports to Asia.

Employment prospects are also positive – the project looks to eventually hire around 2000 people for the mine’s construction.

Managing director of Iron Road, Andrew Stocks, will be joining Prime Minister Tony Abbott on his trip to Asia to promote trade with Australia.

Read more at: http://www.sbs.com.au/news/article/2014/04/05/45-billion-mining-project-receives-federal-approval