Western Australian Bills

[Index] [Search] [Download] [Related Items] [Help]


This is a Bill, not an Act. For current law, see the Acts databases.


IRON ORE AGREEMENTS LEGISLATION AMENDMENT BILL 2011

                     Western Australia


Iron Ore Agreements Legislation Amendment
                Bill 2011

                        CONTENTS


        Part 1 -- Preliminary
  1.    Short title                                            2
  2.    Commencement                                           2
        Part 2 -- Iron Ore (Hamersley Range)
             Agreement Act 1963 amended
  3.    Act amended                                            3
  4.    Section 2 amended                                      3
  5.    Sections 4F and 4G inserted                            3
        4F.      Thirteenth Supplementary Agreement       3
        4G.      Fourteenth Supplementary Agreement       4
  6.    Fourteenth and Fifteenth Schedules inserted            5
        Fourteenth Schedule -- Thirteenth Supplementary
              Agreement

        Fifteenth Schedule -- Fourteenth Supplementary
               Agreement

        Part 3 -- Iron Ore (Robe River)
             Agreement Act 1964 amended
  7.    Act amended                                           36
  8.    Section 2 amended                                     36
  9.    Section 4D inserted                                   36
        4D.      Seventh variation agreement             36
  10.   Eighth Schedule inserted                              37




                           253--1                              page i
Iron Ore Agreements Legislation Amendment Bill 2011



Contents



             Eighth Schedule -- Seventh variation agreement

             Part 4 -- Iron Ore (Mount Bruce)
                  Agreement Act 1972 amended
      11.    Act amended                                          58
      12.    Section 2 amended                                    58
      13.    Section 4D inserted                                  58
             4D.      2011 Variation Agreement               58
      14.    Fifth Schedule inserted                              59
             Fifth Schedule -- 2011 Variation Agreement

             Part 5 -- Iron Ore (Hope Downs)
                  Agreement Act 1992 amended
      15.    Act amended                                          75
      16.    Section 3 amended                                    75
      17.    Section 4 amended                                    75
      18.    Schedule 3 inserted                                  76
             Schedule 3 -- Second Variation Agreement

             Part 6 -- Iron Ore (Yandicoogina)
                  Agreement Act 1996 amended
      19.    Act amended                                          93
      20.    Section 3 amended                                    93
      21.    Section 4 amended                                    93
      22.    Schedule 3 inserted                                  94
             Schedule 3 -- Second Variation Agreement




page ii
                           Western Australia


                     LEGISLATIVE ASSEMBLY



  Iron Ore Agreements Legislation Amendment
                  Bill 2011


                               A Bill for


An Act to amend these Acts --
    •  the Iron Ore (Hamersley Range) Agreement Act 1963;
    •  the Iron Ore (Robe River) Agreement Act 1964;
    •  the Iron Ore (Mount Bruce) Agreement Act 1972;
    •  the Iron Ore (Hope Downs) Agreement Act 1992;
    •  the Iron Ore (Yandicoogina) Agreement Act 1996.



The Parliament of Western Australia enacts as follows:




                                                           page 1
    Iron Ore Agreements Legislation Amendment Bill 2011
    Part 1         Preliminary

    s. 1



1                          Part 1 -- Preliminary
2   1.       Short title
3            This is the Iron Ore Agreements Legislation Amendment
4            Act 2011.

5   2.       Commencement
6            This Act comes into operation as follows --
7             (a) Part 1 --on the day on which this Act receives the Royal
8                   Assent (assent day);
9             (b) the rest of the Act -- on the day after assent day.




    page 2
                           Iron Ore Agreements Legislation Amendment Bill 2011
          Iron Ore (Hamersley Range) Agreement Act 1963 amended         Part 2

                                                                                s. 3



1          Part 2 -- Iron Ore (Hamersley Range) Agreement
2                        Act 1963 amended
3    3.         Act amended
4               This Part amends the Iron Ore (Hamersley Range) Agreement
5               Act 1963.

6    4.         Section 2 amended
7         (1)   At the end of section 2 insert:
8

9                     the Thirteenth Supplementary Agreement means the
10                    agreement a copy of which is set out in the Fourteenth
11                    Schedule;
12                    the Fourteenth Supplementary Agreement means the
13                    agreement a copy of which is set out in the Fifteenth
14                    Schedule.
15

16        (2)   In section 2 in the definition of the Twelfth Supplementary
17              Agreement delete "Schedule." and insert:
18

19              Schedule;
20


21   5.         Sections 4F and 4G inserted
22              After section 4E insert:
23


24          4F.       Thirteenth Supplementary Agreement
25              (1)   The Thirteenth Supplementary Agreement is ratified
26                    and its implementation is authorised.
27              (2)   Without limiting or otherwise affecting the application
28                    of the Government Agreements Act 1979, the


                                                                          page 3
     Iron Ore Agreements Legislation Amendment Bill 2011
     Part 2         Iron Ore (Hamersley Range) Agreement Act 1963 amended

     s. 5



1                   Thirteenth Supplementary Agreement is to operate and
2                   take effect despite any other Act or law.

3           4G.     Fourteenth Supplementary Agreement
4             (1)   The Fourteenth Supplementary Agreement is ratified
5                   and its implementation is authorised.
6             (2)   Without limiting or otherwise affecting the application
7                   of the Government Agreements Act 1979, the
8                   Fourteenth Supplementary Agreement is to operate and
9                   take effect despite any other Act or law.
10




     page 4
                           Iron Ore Agreements Legislation Amendment Bill 2011
          Iron Ore (Hamersley Range) Agreement Act 1963 amended         Part 2

                                                                          s. 6



1    6.        Fourteenth and Fifteenth Schedules inserted
2              After the Thirteenth Schedule insert:
3


4            Fourteenth Schedule -- Thirteenth Supplementary
5                              Agreement
6                                                                        [s. 2]
7                                        2011
8

9                 THE HONOURABLE COLIN JAMES BARNETT
10            PREMIER OF THE STATE OF WESTERN AUSTRALIA
11

12                                       AND
13

14                      HAMERSLEY IRON PTY. LIMITED
15                                ACN 004 558 276
16

17   ________________________________________________________________
18            IRON ORE (HAMERSLEY RANGE) AGREEMENT 1963
19                     RATIFIED VARIATION AGREEMENT
20   ________________________________________________________________
21

22

23

24

25                                [Solicitor's details]


                                                                       page 5
     Iron Ore Agreements Legislation Amendment Bill 2011
     Part 2         Iron Ore (Hamersley Range) Agreement Act 1963 amended

     s. 6



1    THIS AGREEMENT is made this 7th day of November 2011
2

3    BETWEEN
4

5    THE HONOURABLE COLIN JAMES BARNETT MLA., Premier of the
6    State of Western Australia, acting for and on behalf of the said State and
7    instrumentalities thereof from time to time (State)
8    AND
9    HAMERSLEY IRON PTY. LIMITED ACN 004 558 276 of Level 22,
10   Central Park, 152-158 St Georges Terrace, Perth, Western Australia
11   (Company).
12

13   RECITALS:
14   A.           The State and the Company are the parties to the agreement dated
15                30 July 1963, approved by and scheduled to the Iron Ore (Hamersley
16                Range) Agreement Act 1963 and which as subsequently added to,
17                varied or amended is referred to in this Agreement as the "Principal
18                Agreement".
19   B.           The State and the Company wish to vary the Principal Agreement.
20

21   THE PARTIES AGREE AS FOLLOWS:
22   1.           Interpretation
23                Subject to the context, the words and expressions used in this
24                Agreement have the same meanings respectively as they have in and
25                for the purpose of the Principal Agreement.
26   2.           Ratification and Operation
27          (1)   The State shall introduce and sponsor a Bill in the State Parliament of
28                Western Australia prior to 31 December 2011 or such later date as
29                may be agreed between the parties hereto to ratify this Agreement.



     page 6
                           Iron Ore Agreements Legislation Amendment Bill 2011
          Iron Ore (Hamersley Range) Agreement Act 1963 amended         Part 2

                                                                                     s. 6



1               The State shall endeavour to secure the timely passage of such Bill as
2               an Act.
3         (2)   The provisions of this Agreement other than this clause and clause 1
4               will not come into operation until the day after the day on which the
5               Bill referred to in subclause (1) has been passed by the State
6               Parliament of Western Australia and commences to operate as an Act.
7         (3)   If by 30 June 2012 the said Bill has not commenced to operate as an
8               Act then, unless the parties hereto otherwise agree, this Agreement
9               will then cease and determine and no party hereto will have any claim
10              against any other party hereto with respect to any matter or thing
11              arising out of, done, performed, or omitted to be done or performed
12              under this Agreement.
13        (4)   On the day after the day on which the said Bill commences to operate
14              as an Act all the provisions of this Agreement will operate and take
15              effect despite any enactment or other law.
16   3.         Variation of Principal Agreement
17        The Principal Agreement is varied as follows:
18        (1)   in clause 1 by:
19                (a)   inserting in the appropriate alphabetical positions the
20                      following new definitions:
21                       "Eligible Existing Tenure" means:
22                        (a)     (i)    a miscellaneous licence or general purpose
23                                       lease granted to the Company under the
24                                       Mining Act 1978; or
25                                (ii)   a lease or easement granted to the Company
26                                       under the LAA,
27                                and not clearly, to the satisfaction of the Minister,
28                                granted under or pursuant to or held pursuant to this
29                                Agreement; or
30                        (b)     an application by the Company for the grant to it of a
31                                tenement referred to in paragraph (a)(i) (which
32                                application has not clearly, to the satisfaction of the
33                                Minister, been made under or pursuant to this

                                                                                 page 7
     Iron Ore Agreements Legislation Amendment Bill 2011
     Part 2         Iron Ore (Hamersley Range) Agreement Act 1963 amended

     s. 6



1                            Agreement) and as the context requires the tenement
2                            granted pursuant to such an application,
3                     where that tenure was granted or that application was made
4                     (as the case may be) on or before 1 October 2011;
5                    "LAA" means the Land Administration Act 1997 (WA);
6                    "Relevant Land", in relation to Eligible Existing Tenure or
7                    Special Advance Tenure, means the land which is the
8                    subject of that Eligible Existing Tenure or Special Advance
9                    Tenure, as the case may be;
10                   "second variation date" means the date on which clause 3 of
11                    the variation agreement made on or about 7 November 2011
12                    between the State and the Company comes into operation;
13                   "Special Advance Tenure" means:
14                     (a)   a miscellaneous licence or general purpose lease
15                           requested under clause 9(2b) to be granted to the
16                           Company under the Mining Act 1978; or
17                    (b)    an easement or a lease requested under clause 9(2b)
18                           to be granted to the Company under the LAA,
19                   and as the context requires such tenure if granted;
20             (b)   inserting after the words "reference in this Agreement to an
21                   Act other than the Mining Act 1904 shall include the
22                   amendments to such Act for the time being in force and also
23                   any Act passed in substitution therefor or in lieu thereof and
24                   the regulations for the time being in force thereunder" the
25                   words "(and for the avoidance of doubt this principle, subject
26                   to the context and without limitation to its application to other
27                   Acts, may apply in respect of references to the Land Act
28                   notwithstanding references in this Agreement to the LAA)";




     page 8
                      Iron Ore Agreements Legislation Amendment Bill 2011
     Iron Ore (Hamersley Range) Agreement Act 1963 amended         Part 2

                                                                                s. 6



1    (2)   by inserting after clause 8C the following new clauses:
2          "Community development plan
3          8D.       (1)   In this clause, the term "community and social
4                          benefits" includes:
5                              (a)   assistance with skills development and
6                                    training opportunities to promote work
7                                    readiness and employment for persons
8                                    living in the Pilbara region of the said State;
9                              (b)   regional development activities in the
10                                   Pilbara region of the said State, including
11                                   partnerships and sponsorships;
12                             (c)   contribution to any community projects,
13                                   town services or facilities; and
14                             (d)   a regionally based workforce.
15                   (2)   The Company acknowledges the need for community
16                         and social benefits flowing from this Agreement.
17                   (3)   The Company agrees that:
18                             (a)   it shall prepare a plan which describes the
19                                   Company's      proposed    strategies   for
20                                   achieving community and social benefits in
21                                   connection with its activities under this
22                                   Agreement; and
23                             (b)   the Company shall, not later than 3 months
24                                   after the second variation date, submit to
25                                   the Minister the plan prepared under
26                                   paragraph (a) and confer with the Minister
27                                   in respect of the plan.
28                   (4)   The Minister shall within 2 months after receipt of a
29                         plan submitted under subclause (3)(b), either notify
30                         the Company that the Minister approves the plan as
31                         submitted or notify the Company of changes which
32                         the Minister requires be made to the plan. If the
33                         Company is unwilling to accept the changes which
34                         the Minister requires it shall notify the Minister to

                                                                            page 9
     Iron Ore Agreements Legislation Amendment Bill 2011
     Part 2         Iron Ore (Hamersley Range) Agreement Act 1963 amended

     s. 6



1                           that effect and either party may refer to arbitration
2                           hereunder the question of the reasonableness of the
3                           changes required by the Minister.
4                     (5)   The effect of an award made on an arbitration
5                           pursuant to subclause (4) shall be that the relevant
6                           plan submitted by the Company pursuant to
7                           subclause (3)(b) shall, with such changes required by
8                           the Minister under subclause (4) as the arbitrator
9                           determines to be reasonable (with or without
10                          modification by the arbitrator), be deemed to be the
11                          plan approved by the Minister under this clause.
12                    (6)   At least 3 months before the anticipated submission
13                          of proposals relating to a proposed development
14                          pursuant to any of clauses 8A, 10G, 10I, 10K or 10N,
15                          the Company must, unless the Minister otherwise
16                          requires, give to the Minister information about how
17                          the proposed development may affect the plan
18                          approved or deemed to be approved by the Minister
19                          under this clause. This obligation operates in relation
20                          to all proposals submitted on or after the date that is
21                          4 months after the date when a plan is first approved
22                          or deemed to be approved under this clause.
23                    (7)   The Company shall at least annually report to the
24                          Minister about the Company's implementation of the
25                          plan approved or deemed to be approved by the
26                          Minister under this clause.
27                    (8)   At the request of either of them made at any time and
28                          from time to time, the Minister and the Company
29                          shall confer as to any amendments desired to any plan
30                          approved or deemed to be approved by the Minister
31                          under this clause and may agree to amendment of the
32                          plan or adoption of a new plan. Any such amended
33                          plan or new plan will be deemed to be the plan
34                          approved by the Minister under this clause in respect
35                          of the development to which it relates.




     page 10
                      Iron Ore Agreements Legislation Amendment Bill 2011
     Iron Ore (Hamersley Range) Agreement Act 1963 amended         Part 2

                                                                               s. 6



1                   (9)   During the currency of this Agreement, the Company
2                         shall implement the plan approved or deemed to be
3                         approved by the Minister under this clause.
4         Local participation plan
5         8E.       (1)   In this clause, the term "local industry participation
6                         benefits" means:
7                             (a)    the use and training of labour available
8                                    within the said State;
9                             (b)    the use of the services of engineers,
10                                   surveyors, architects and other professional
11                                   consultants, experts, specialists, project
12                                   managers and contractors available within
13                                   the said State; and
14                            (c)    the procurement of works, materials, plant,
15                                   equipment and supplies from Western
16                                   Australian suppliers, manufacturers and
17                                   contractors.
18                  (2)   The Company acknowledges the need for local
19                        industry participation benefits flowing from this
20                        Agreement.
21                  (3)   The Company agrees that it shall, not later than
22                        3 months after the second variation date, prepare and
23                        provide to the Minister a plan which contains:
24                            (a)    a clear statement on the strategies which the
25                                   Company will use, and require a third party
26                                   as referred to in subclause (7) to use, to
27                                   maximise the uses and procurement
28                                   referred to in subclause (1);
29                            (b)    detailed information on the procurement
30                                   practices the Company will adopt, and
31                                   require a third party as referred to in
32                                   subclause (7) to adopt, in calling for tenders
33                                   and letting contracts for works, materials,
34                                   plant, equipment and supplies stages in
35                                   relation to a proposed development and

                                                                          page 11
     Iron Ore Agreements Legislation Amendment Bill 2011
     Part 2         Iron Ore (Hamersley Range) Agreement Act 1963 amended

     s. 6



1                                    how such practices will provide fair and
2                                    reasonable opportunity for suitably
3                                    qualified Western Australian suppliers,
4                                    manufacturers and contractors to tender or
5                                    quote for works, materials, plant,
6                                    equipment and supplies;
7                              (c)   detailed information on the methods the
8                                    Company will use, and require a third party
9                                    as referred to in subclause (7) to use, to
10                                   have their respective procurement officers
11                                   promptly introduced to Western Australian
12                                   suppliers, manufacturers and contractors
13                                   seeking such introduction; and
14                             (d)   details of the communication strategies the
15                                   Company will use, and require a third party
16                                   as referred to in subclause (7) to use, to
17                                   alert Western Australian engineers,
18                                   surveyors, architects and other professional
19                                   consultants, experts, specialists, project
20                                   managers and consultants and Western
21                                   Australian suppliers, manufacturers and
22                                   contractors to services opportunities and
23                                   procurement opportunities respectively as
24                                   referred to in subclause (1).
25                          It is acknowledged by the Company that the strategies
26                          of the Company referred to in subclause (3)(a) will
27                          include strategies of the Company in relation to
28                          supply of services, labour, works, materials, plant,
29                          equipment or supplies for the purposes of this
30                          Agreement.
31                    (4)   At the request of either of them made at any time and
32                          from time to time, the Minister and the Company
33                          shall confer as to any amendments desired to any plan
34                          provided under this clause and may agree to the
35                          amendment of the plan or the provision of a new plan
36                          in substitution for the one previously provided.




     page 12
                      Iron Ore Agreements Legislation Amendment Bill 2011
     Iron Ore (Hamersley Range) Agreement Act 1963 amended         Part 2

                                                                              s. 6



1                    (5)    At least 6 months before the anticipated submission
2                           of proposals relating to a proposed development
3                           pursuant to any of clauses 8A, 10G, 10I, 10K or 10N,
4                           the Company must, unless the Minister otherwise
5                           requires, give to the Minister information about the
6                           implementation of the plan provided under this clause
7                           in relation to the proposed development. This
8                           obligation operates in relation to all proposals
9                           submitted on or after the date that is 7 months after
10                          the date when a plan is first provided under this
11                          clause.
12                   (6)    During the currency of this Agreement the Company
13                          shall implement the plan provided under this clause.
14                   (7)    The Company shall:
15                              (a)   in every contract entered into with a third
16                                    party where the third party has an
17                                    obligation or right to procure the supply of
18                                    services, labour, works, materials, plant,
19                                    equipment or supplies for or in connection
20                                    with a proposed development, ensure that
21                                    the contract contains appropriate provisions
22                                    requiring the third party to undertake
23                                    procurement activities in accordance with
24                                    the plan provided under this clause; and
25                              (b)   use reasonable endeavours to ensure that
26                                    the third party complies with those
27                                    provisions.";
28   (3)   in clause 9(1)(b):
29           (a)   by deleting "1904" in subparagraph (i) and substituting
30                 "1978"; and
31           (b)   by inserting after sub-subparagraph E. the following new
32                 paragraph:
33                 "Notwithstanding clause 10L(2)(b)(iv), detailed proposals
34                 may refer to activities on tenure which is proposed to be
35                 granted pursuant to this paragraph (b) as if that tenure was


                                                                         page 13
     Iron Ore Agreements Legislation Amendment Bill 2011
     Part 2         Iron Ore (Hamersley Range) Agreement Act 1963 amended

     s. 6



1                         granted pursuant to this Agreement (but this does not limit
2                         the powers or discretions of the Minister under this
3                         Agreement or the Minister responsible for the administration
4                         of any relevant Act with respect to the grant of the tenure).";
5           (4)   by inserting after subclause 9(2) the following new subclauses:
6                 "Application for Eligible Existing Tenure to be held pursuant to this
7                 Agreement
8                 (2a)     (a)    The Minister may at the request of the Company from
9                                 time to time made during the continuance of this
10                                Agreement approve Eligible Existing Tenure
11                                becoming held pursuant to this Agreement on such
12                                conditions as the Minister sees fit (including, without
13                                limitation and notwithstanding the Mining Act 1978
14                                and the LAA, as to the surrender of land, the
15                                submission of detailed proposals and the variation of
16                                the terms and conditions of the Eligible Existing
17                                Tenure (including for the Eligible Existing Tenure to
18                                be held pursuant to this Agreement and for the more
19                                efficient use of the Relevant Land)) and the Minister
20                                may from time to time vary such conditions in order
21                                to extend any specified time for the doing of any
22                                thing or otherwise with the agreement of the
23                                Company.
24                          (b)   Eligible Existing Tenure the subject of an approval by
25                                the Minister under this subclause will be held by the
26                                Company pursuant to this Agreement:
27                                    (i)    if the Minister's approval was not given
28                                           subject to conditions, on and from the date
29                                           of the Minister's notice of approval;
30                                   (ii)    unless paragraph (iii) applies, if the
31                                           Minister's approval was given subject to
32                                           conditions, on the date on which all such
33                                           conditions have been satisfied; and
34                                   (iii)   if the Minister's approval was given subject
35                                           to a condition requiring that the Company
36                                           submit detailed proposals in accordance


     page 14
                      Iron Ore Agreements Legislation Amendment Bill 2011
     Iron Ore (Hamersley Range) Agreement Act 1963 amended         Part 2

                                                                            s. 6



1                                  with this Agreement, on the later of the date
2                                  on which the Minister approves proposals
3                                  submitted in discharge of that specified
4                                  condition and the date upon which all other
5                                  specified conditions have been satisfied, but
6                                  the Company is authorised to implement
7                                  any approved proposal to the extent such
8                                  implementation is consistent with the then
9                                  terms and conditions of the Eligible
10                                 Existing Tenure pending the satisfaction of
11                                 any conditions relating to the variation of
12                                 the terms or conditions of the Eligible
13                                 Existing Tenure. Where this paragraph (iii)
14                                 applies, prior to any approval of proposals
15                                 and satisfaction of other conditions, the
16                                 relevant tenure will be treated for (but only
17                                 for) the purposes of clause 10L(2)(b)(iv) as
18                                 tenure held pursuant to this Agreement.

19        Application for Special Advance Tenure to be granted pursuant to this
20        Agreement

21        (2b)     Without limiting clause 9(1)(c), the Minister may at the
22                 request of the Company from time to time made during the
23                 continuance of this Agreement approve Special Advance
24                 Tenure being granted to the Company pursuant to this
25                 Agreement if:

26                  (a)   the Company proposes to submit detailed proposals
27                        under this Agreement (other than under clause 10N)
28                        to construct works installations or facilities on the
29                        Relevant Land and the Company's request is so far as
30                        is practicable made, unless the Minister approves
31                        otherwise, no less than 6 months before the
32                        submission of those detailed proposals; and
33                  (b)   the Minister is satisfied that it is necessary and
34                        appropriate that Special Advance Tenure, rather than
35                        tenure granted under or pursuant to the other
36                        provisions of this Agreement, be used for the



                                                                       page 15
     Iron Ore Agreements Legislation Amendment Bill 2011
     Part 2         Iron Ore (Hamersley Range) Agreement Act 1963 amended

     s. 6



1                                   purposes of the proposed works installations or
2                                   facilities on the Relevant Land,
3                    and if the Minister does so approve:
4                           (c)     notwithstanding the Mining Act 1978 or the LAA, the
5                                   appropriate authority or instrumentality of the State
6                                   shall obtain the consent of the Minister to the form
7                                   and substance of the Special Advance Tenure prior to
8                                   its grant (which for the avoidance of doubt neither the
9                                   State nor the Minister is obliged to cause) to the
10                                  Company; and
11                          (d)     if the Company does not submit detailed proposals
12                                  relating to construction of the relevant works
13                                  installations or facilities on the Relevant Land within
14                                  24 months after the date of the Minister's approval or
15                                  such later time subsequently allowed by the Minister,
16                                  or if submitted the Minister does not approve such
17                                  detailed proposals, the Special Advance Tenure (if
18                                  then granted) shall be surrendered at the request of
19                                  the Minister.
20                (2c)      The decisions of the Minister under subclauses (2a) and
21                          (2b) shall not be referable to arbitration and any approval of
22                          the Minister under this clause shall not in any way limit,
23                          prejudice or otherwise affect the exercise by the Minister of
24                          the Minister's powers, or the performance of the Minister's
25                          obligations, under this Agreement or otherwise under the
26                          laws from time to time of the said State.";
27          (5)   in clause 9 by:
28                  (a)   deleting in subclause (3) "subclause (2)" and substituting
29                        "subclauses (2), (2a) and (2b)"; and
30                  (b)   deleting in subclause (3a) "subclause (1)" and substituting
31                        "subclauses (1), (2a) and (2b)";
32          (6)   in clause 10(2) by:
33                  (a)   deleting in paragraph (a) the words "allow crossing places for
34                        roads stock and other railways and";


     page 16
                      Iron Ore Agreements Legislation Amendment Bill 2011
     Iron Ore (Hamersley Range) Agreement Act 1963 amended         Part 2

                                                                                s. 6



1           (b)    inserting after paragraph (a) the following new paragraph:
2                  "Crossings over Railway
3                  (aa)    for the purposes of livestock and infrastructure such
4                          as roads, railways, conveyors, pipelines, transmission
5                          lines and other utilities proposed to cross the land the
6                          subject of the Company's railway the Company shall:
7                              (i)   if applicable, give its consent to, or
8                                    otherwise facilitate the grant by the State or
9                                    any agency, instrumentality or other
10                                   authority of the State of any lease, licence
11                                   or other title over land the subject of the
12                                   Company's railway so long as such grant
13                                   does not in the Minister's opinion unduly
14                                   prejudice or interfere with the activities of
15                                   the Company under this Agreement; and
16                            (ii)   on reasonable terms and conditions allow
17                                   access for the construction and operation of
18                                   such       crossings     and      associated
19                                   infrastructure,
20                         provided that in forming his opinion under this
21                         clause, the Minister must consult with the
22                         Company;";
23           (c)   deleting paragraph (j)(ii) and substituting the following
24                 subparagraph:
25                 "(ii)   on fine ore sold or shipped separately as such at the
26                         rate of:
27                            (A)    5.625% of the f.o.b. value, for ore shipped
28                                   prior to or on 30 June 2012;
29                            (B)    6.5% of the f.o.b. value, for ore shipped
30                                   during the period from 1 July 2012 to
31                                   30 June 2013 (inclusive of both dates); and
32                            (C)    7.5% of the f.o.b. value, for ore shipped on
33                                   or after 1 July 2013;"; and



                                                                          page 17
     Iron Ore Agreements Legislation Amendment Bill 2011
     Part 2         Iron Ore (Hamersley Range) Agreement Act 1963 amended

     s. 6



1           (7)   in clause 10N by:
2                   (a)   deleting in subclause (1) ""LAA"            means     the   Land
3                         Administration Act 1997 (WA);";
4                   (b)   inserting after subclause (3)(c) the following new paragraph:
5                          "(d)   Without limiting subclause (9), the Minister may
6                                 waive the requirement under this clause for the
7                                 Company to obtain and to furnish the consent of a
8                                 title holder if the title holder has refused to give the
9                                 required consent and the Minister is satisfied that:
10                                    (i)     the title holder's affected land is or was
11                                            subject to a miscellaneous licence granted
12                                            under the Mining Act 1978 for the purpose
13                                            of a railway to be constructed and operated
14                                            in accordance with this Agreement; and
15                                    (ii)    in the Minister's opinion, the title holder's
16                                            refusal to give the required consent is not
17                                            reasonable in all the circumstances
18                                            including having regard to:
19                                              (A)   the rights of the Company in
20                                                    relation to the affected land as the
21                                                    holder of the miscellaneous
22                                                    licence, relative to its rights as the
23                                                    holder of the sought Special
24                                                    Railway Licence or Lateral Access
25                                                    Road Licence (as the case may be);
26                                                    and
27                                              (B)   the terms of any agreement
28                                                    between the Company and the title
29                                                    holder."; and
30                  (c)   deleting in subclause (4)(a) the comma after "the provisions
31                        of this Agreement" and substituting "and"; and
32                  (d)   in subclause (7):
33                          (i)   deleting all words in paragraph (c) after "at the date
34                                of such inclusion"; and


     page 18
                     Iron Ore Agreements Legislation Amendment Bill 2011
    Iron Ore (Hamersley Range) Agreement Act 1963 amended         Part 2

                                                                      s. 6



1                 (ii)   inserting after paragraph (k) the following new
2                        paragraph:
3                        "(l)    The provisions of clause 10(2)(aa) shall
4                                apply mutatis mutandis to any Railway or
5                                Railway spur line constructed pursuant to
6                                this clause.".




                                                                  page 19
     Iron Ore Agreements Legislation Amendment Bill 2011
     Part 2         Iron Ore (Hamersley Range) Agreement Act 1963 amended

     s. 6



1    EXECUTED as a deed.
2

3    SIGNED by the HONOURABLE                             )
4    COLIN JAMES BARNETT                                  )
5    in the presence of:                                  )
6

      [Signature]                                        [Signature]
      Signature of witness


      Stephen Bombardieri
      Name of witness
7    THE COMMON SEAL of                                   )
8    HAMERSLEY IRON PTY. LIMITED                          )            [C.S.]
9    ACN 004 558 276 was hereunto affixed                 )
10   by authority of the Directors in the presence of:    )
11

      [Signature]                                        Robert Paul Shannon
      Director


      [Signature]                                        Helen Fernihough
      Secretary

12




     page 20
                        Iron Ore Agreements Legislation Amendment Bill 2011
       Iron Ore (Hamersley Range) Agreement Act 1963 amended         Part 2

                                                                       s. 6



1          Fifteenth Schedule -- Fourteenth Supplementary
2                             Agreement
3                                                                     [s. 2]
4                                     2011
5

6

7              THE HONOURABLE COLIN JAMES BARNETT
8          PREMIER OF THE STATE OF WESTERN AUSTRALIA
9

10                                    AND
11

12                   HAMERSLEY IRON PTY. LIMITED
13                             ACN 004 558 276
14

15   ________________________________________________________________
16         IRON ORE (HAMERSLEY RANGE) AGREEMENT 1968
17                  RATIFIED VARIATION AGREEMENT
18   ________________________________________________________________
19

20

21

22
23                             [Solicitor's details]




                                                                   page 21
     Iron Ore Agreements Legislation Amendment Bill 2011
     Part 2         Iron Ore (Hamersley Range) Agreement Act 1963 amended

     s. 6



1    THIS AGREEMENT is made this 7th day of November 2011
2

3    BETWEEN
4

5    THE HONOURABLE COLIN JAMES BARNETT MLA., Premier of the
6    State of Western Australia, acting for and on behalf of the said State and
7    instrumentalities thereof from time to time (State)
8    AND
9    HAMERSLEY IRON PTY. LIMITED ACN 004 558 276 of Level 22,
10   Central Park, 152-158 St Georges Terrace, Perth, Western Australia
11   (Company).
12

13   RECITALS:
14   A.        The State and the Company are the parties to the agreement dated
15             30 July 1963, approved by and scheduled to the Iron Ore (Hamersley
16             Range) Agreement Act 1963 and which as subsequently added to,
17             varied or amended is referred to in this Agreement as the "Principal
18             Agreement".
19   B.        The State and the Company wish to vary the Principal Agreement.
20

21   THE PARTIES AGREE AS FOLLOWS:
22   1.        Interpretation
23             Subject to the context, the words and expressions used in this
24             Agreement have the same meanings respectively as they have in and
25             for the purpose of the Principal Agreement.
26   2.        Ratification and Operation
27             (1)   The State shall introduce and sponsor a Bill in the State
28                   Parliament of Western Australia prior to 31 December 2011 or
29                   such later date as may be agreed between the parties hereto to



     page 22
                           Iron Ore Agreements Legislation Amendment Bill 2011
          Iron Ore (Hamersley Range) Agreement Act 1963 amended         Part 2

                                                                                     s. 6



1                       ratify this Agreement. The State shall endeavour to secure the
2                       timely passage of such Bill as an Act.
3               (2)     The provisions of this Agreement other than this clause and
4                       clause 1 will not come into operation until the day after the day
5                       on which the Bill referred to in subclause (1) has been passed
6                       by the State Parliament of Western Australia and commences to
7                       operate as an Act.
8               (3)     If by 30 June 2012 the said Bill has not commenced to operate
9                       as an Act then, unless the parties hereto otherwise agree, this
10                      Agreement will then cease and determine and no party hereto
11                      will have any claim against any other party hereto with respect
12                      to any matter or thing arising out of, done, performed, or
13                      omitted to be done or performed under this Agreement.
14              (4)     On the day after the day on which the said Bill commences to
15                      operate as an Act all the provisions of this Agreement will
16                      operate and take effect despite any enactment or other law.
17   3.         Variation of Principal Agreement
18        The Principal Agreement is varied as follows:
19        (1)   in clause 1 by:
20                (a)     inserting in the appropriate alphabetical positions the
21                        following new definitions:
22                        "Eligible Existing Tenure" means:
23                          (a)   (i)      a miscellaneous licence or general purpose
24                                         lease granted to the Company under the
25                                         Mining Act 1978; or
26                                (ii)     a lease or easement granted to the Company
27                                         under the LAA,
28                                and not clearly, to the satisfaction of the Minister,
29                                granted under or pursuant to or held pursuant to this
30                                Agreement; or
31                          (b)   an application by the Company for the grant to it of a
32                                tenement referred to in paragraph (a)(i) (which
33                                application has not clearly, to the satisfaction of the

                                                                                page 23
     Iron Ore Agreements Legislation Amendment Bill 2011
     Part 2         Iron Ore (Hamersley Range) Agreement Act 1963 amended

     s. 6



1                            Minister, been made under or pursuant to this
2                            Agreement) and as the context requires the tenement
3                            granted pursuant to such an application,
4                    where that tenure was granted or that application was made
5                    (as the case may be) on or before 1 October 2011;
6                    "LAA" means the Land Administration Act 1997 (WA);
7                    "Relevant Land", in relation to Eligible Existing Tenure or
8                    Special Advance Tenure, means the land which is the subject
9                    of that Eligible Existing Tenure or Special Advance Tenure,
10                   as the case may be;
11                   "second variation date" means the date on which clause 3 of
12                   the variation agreement made on or about 7 November 2011
13                   between the State and the Company comes into operation;
14                   "Special Advance Tenure" means:
15                     (a)   a miscellaneous licence or general purpose lease
16                           requested under clause 6(3b) to be granted to the
17                           Company under the Mining Act 1978; or
18                    (b)    an easement or a lease requested under clause 6(3b)
19                           to be granted to the Company under the LAA,
20                   and as the context requires such tenure if granted;
21             (b)   inserting after the words "Reference in this Agreement to an
22                   Act other than the Mining Act 1904 shall include the
23                   amendments to such Act for the time being in force and also
24                   any Act passed in substitution therefor or in lieu thereof and
25                   the regulations for the time being in force thereunder" the
26                   words "(and for the avoidance of doubt this principle, subject
27                   to the context and without limitation to its application to other
28                   Acts, may apply in respect of references to the Land Act
29                   notwithstanding references in this Agreement to the LAA)";




     page 24
                      Iron Ore Agreements Legislation Amendment Bill 2011
     Iron Ore (Hamersley Range) Agreement Act 1963 amended         Part 2

                                                                                s. 6



1    (2)   by inserting after clause 5C the following new clauses:
2          "Community development plan
3          5D.      (1)    In this clause, the term "community and social
4                          benefits" includes:
5                              (a)   assistance with skills development and
6                                    training opportunities to promote work
7                                    readiness and employment for persons
8                                    living in the Pilbara region of the said State;
9                              (b)   regional development activities in the
10                                   Pilbara region of the said State, including
11                                   partnerships and sponsorships;
12                             (c)   contribution to any community projects,
13                                   town services or facilities; and
14                             (d)   a regionally based workforce.
15                   (2)   The Company acknowledges the need for community
16                         and social benefits flowing from this Agreement.
17                   (3)   The Company agrees that:
18                             (a)   it shall prepare a plan which describes the
19                                   Company's      proposed    strategies   for
20                                   achieving community and social benefits in
21                                   connection with its activities under this
22                                   Agreement; and
23                             (b)   the Company shall, not later than 3 months
24                                   after the second variation date, submit to
25                                   the Minister the plan prepared under
26                                   paragraph (a) and confer with the Minister
27                                   in respect of the plan.
28                   (4)   The Minister shall within 2 months after receipt of a
29                         plan submitted under subclause (3)(b), either notify
30                         the Company that the Minister approves the plan as
31                         submitted or notify the Company of changes which
32                         the Minister requires be made to the plan. If the
33                         Company is unwilling to accept the changes which
34                         the Minister requires it shall notify the Minister to

                                                                           page 25
     Iron Ore Agreements Legislation Amendment Bill 2011
     Part 2         Iron Ore (Hamersley Range) Agreement Act 1963 amended

     s. 6



1                           that effect and either party may refer to arbitration
2                           hereunder the question of the reasonableness of the
3                           changes required by the Minister.
4                     (5)   The effect of an award made on an arbitration
5                           pursuant to subclause (4) shall be that the relevant
6                           plan submitted by the Company pursuant to
7                           subclause (3)(b) shall, with such changes required by
8                           the Minister under subclause (4) as the arbitrator
9                           determines to be reasonable (with or without
10                          modification by the arbitrator), be deemed to be the
11                          plan approved by the Minister under this clause.
12                    (6)   At least 3 months before the anticipated submission
13                          of proposals relating to a proposed development
14                          pursuant to clauses 5A or 7E of this Agreement and
15                          10G of the Principal Agreement (as applying to this
16                          Agreement pursuant to clause 11(1)), the Company
17                          must, unless the Minister otherwise requires, give to
18                          the Minister information about how the proposed
19                          development may affect the plan approved or deemed
20                          to be approved by the Minister under this clause.
21                          This obligation operates in relation to all proposals
22                          submitted on or after the date that is 4 months after
23                          the date when a plan is first approved or deemed to be
24                          approved under this clause.
25                    (7)   The Company shall at least annually report to the
26                          Minister about the Company's implementation of the
27                          plan approved or deemed to be approved by the
28                          Minister under this clause.
29                    (8)   At the request of either of them made at any time and
30                          from time to time, the Minister and the Company
31                          shall confer as to any amendments desired to any plan
32                          approved or deemed to be approved by the Minister
33                          under this clause and may agree to amendment of the
34                          plan or adoption of a new plan. Any such amended
35                          plan or new plan will be deemed to be the plan
36                          approved by the Minister under this clause in respect
37                          of the development to which it relates.



     page 26
                      Iron Ore Agreements Legislation Amendment Bill 2011
     Iron Ore (Hamersley Range) Agreement Act 1963 amended         Part 2

                                                                               s. 6



1                  (9)   During the currency of this Agreement, the Company
2                        shall implement the plan approved or deemed to be
3                        approved by the Minister under this clause.
4         Local participation plan
5         5E.      (1)   In this clause, the term "local industry participation
6                        benefits" means:
7                            (a)     the use and training of labour available
8                                    within the said State;
9                            (b)     the use of the services of engineers,
10                                   surveyors, architects and other professional
11                                   consultants, experts, specialists, project
12                                   managers and contractors available within
13                                   the said State; and
14                           (c)     the procurement of works, materials, plant,
15                                   equipment and supplies from Western
16                                   Australian suppliers, manufacturers and
17                                   contractors.
18                 (2)   The Company acknowledges the need for local
19                       industry participation benefits flowing from this
20                       Agreement.
21                 (3)   The Company agrees that it shall, not later than
22                       3 months after the second variation date, prepare and
23                       provide to the Minister a plan which contains:
24                           (a)     a clear statement on the strategies which the
25                                   Company will use, and require a third party
26                                   as referred to in subclause (7) to use, to
27                                   maximise the uses and procurement
28                                   referred to in subclause (1);
29                           (b)     detailed information on the procurement
30                                   practices the Company will adopt, and
31                                   require a third party as referred to in
32                                   subclause (7) to adopt, in calling for tenders
33                                   and letting contracts for works, materials,
34                                   plant, equipment and supplies stages in
35                                   relation to a proposed development and

                                                                          page 27
     Iron Ore Agreements Legislation Amendment Bill 2011
     Part 2         Iron Ore (Hamersley Range) Agreement Act 1963 amended

     s. 6



1                                    how such practices will provide fair and
2                                    reasonable opportunity for suitably
3                                    qualified Western Australian suppliers,
4                                    manufacturers and contractors to tender or
5                                    quote for works, materials, plant,
6                                    equipment and supplies;
7                              (c)   detailed information on the methods the
8                                    Company will use, and require a third party
9                                    as referred to in subclause (7) to use, to
10                                   have their respective procurement officers
11                                   promptly introduced to Western Australian
12                                   suppliers, manufacturers and contractors
13                                   seeking such introduction; and
14                             (d)   details of the communication strategies the
15                                   Company will use, and require a third party
16                                   as referred to in subclause (7) to use, to
17                                   alert Western Australian engineers,
18                                   surveyors, architects and other professional
19                                   consultants, experts, specialists, project
20                                   managers and consultants and Western
21                                   Australian suppliers, manufacturers and
22                                   contractors to services opportunities and
23                                   procurement opportunities respectively as
24                                   referred to in subclause (1).
25                          It is acknowledged by the Company that the strategies
26                          of the Company referred to in subclause (3)(a) will
27                          include strategies of the Company in relation to
28                          supply of services, labour, works, materials, plant,
29                          equipment or supplies for the purposes of this
30                          Agreement.
31                    (4)   At the request of either of them made at any time and
32                          from time to time, the Minister and the Company
33                          shall confer as to any amendments desired to any plan
34                          provided under this clause and may agree to the
35                          amendment of the plan or the provision of a new plan
36                          in substitution for the one previously provided.




     page 28
                      Iron Ore Agreements Legislation Amendment Bill 2011
     Iron Ore (Hamersley Range) Agreement Act 1963 amended         Part 2

                                                                               s. 6



1                    (5)   At least 6 months before the anticipated submission
2                          of proposals relating to a proposed development
3                          pursuant to clauses 5A or 7E of this Agreement and
4                          10G of the Principal Agreement (as applying to this
5                          Agreement pursuant to clause 11(1)), the Company
6                          must, unless the Minister otherwise requires, give to
7                          the Minister information about the implementation of
8                          the plan provided under this clause in relation to the
9                          proposed development. This obligation operates in
10                         relation to all proposals submitted on or after the date
11                         that is 7 months after the date when a plan is first
12                         provided under this clause.
13                   (6)   During the currency of this Agreement the Company
14                         shall implement the plan provided under this clause.
15                   (7)   The Company shall:
16                              (a)   in every contract entered into with a third
17                                    party where the third party has an
18                                    obligation or right to procure the supply of
19                                    services, labour, works, materials, plant,
20                                    equipment or supplies for or in connection
21                                    with a proposed development, ensure that
22                                    the contract contains appropriate provisions
23                                    requiring the third party to undertake
24                                    procurement activities in accordance with
25                                    the plan provided under this clause; and
26                              (b)   use reasonable endeavours to ensure that
27                                    the third party complies with those
28                                    provisions.";
29   (3)   in clause 6(2) by:
30           (a)   in subparagraph (b)(i), deleting "1904" and substituting
31                 "1978"; and
32           (b)   at the end of paragraph (b) inserting the following new
33                 paragraph:
34                 "Notwithstanding clause 7C(2)(b)(iv), detailed proposals may
35                 refer to activities on tenure which is proposed to be granted


                                                                          page 29
     Iron Ore Agreements Legislation Amendment Bill 2011
     Part 2         Iron Ore (Hamersley Range) Agreement Act 1963 amended

     s. 6



1                         pursuant to this paragraph (b) as if that tenure was granted
2                         pursuant to this Agreement (but this does not limit the powers
3                         or discretions of the Minister under this Agreement or the
4                         Minister responsible for the administration of any relevant
5                         Act with respect to the grant of the tenure).";
6           (4)   by inserting after clause 6(3) the following new subclauses:
7                 "Application for Eligible Existing Tenure to be held pursuant to
8                 this Agreement
9                 (3a)      (a)   The Minister may at the request of the Company from
10                                time to time made during the continuance of this
11                                Agreement approve Eligible Existing Tenure
12                                becoming held pursuant to this Agreement on such
13                                conditions as the Minister sees fit (including, without
14                                limitation and notwithstanding the Mining Act 1978
15                                and the LAA, as to the surrender of land, the
16                                submission of detailed proposals and the variation of
17                                the terms and conditions of the Eligible Existing
18                                Tenure (including for the Eligible Existing Tenure to
19                                be held pursuant to this Agreement and for the more
20                                efficient use of the Relevant Land)) and the Minister
21                                may from time to time vary such conditions in order
22                                to extend any specified time for the doing of any
23                                thing or otherwise with the agreement of the
24                                Company.
25                          (b)   Eligible Existing Tenure the subject of an approval by
26                                the Minister under this subclause will be held by the
27                                Company pursuant to this Agreement:
28                                    (i)    if the Minister's approval was not given
29                                           subject to conditions, on and from the date
30                                           of the Minister's notice of approval;
31                                   (ii)    unless paragraph (iii) applies, if the
32                                           Minister's approval was given subject to
33                                           conditions, on the date on which all such
34                                           conditions have been satisfied; and
35                                   (iii)   if the Minister's approval was given subject
36                                           to a condition requiring that the Company


     page 30
                      Iron Ore Agreements Legislation Amendment Bill 2011
     Iron Ore (Hamersley Range) Agreement Act 1963 amended         Part 2

                                                                            s. 6



1                                  submit detailed proposals in accordance
2                                  with this Agreement, on the later of the date
3                                  on which the Minister approves proposals
4                                  submitted in discharge of that specified
5                                  condition and the date upon which all other
6                                  specified conditions have been satisfied, but
7                                  the Company is authorised to implement
8                                  any approved proposal to the extent such
9                                  implementation is consistent with the then
10                                 terms and conditions of the Eligible
11                                 Existing Tenure pending the satisfaction of
12                                 any conditions relating to the variation of
13                                 the terms or conditions of the Eligible
14                                 Existing Tenure. Where this paragraph (iii)
15                                 applies, prior to any approval of proposals
16                                 and satisfaction of other conditions, the
17                                 relevant tenure will be treated for (but only
18                                 for) the purposes of clause 7C(2)(b)(iv) as
19                                 tenure held pursuant to this Agreement.
20        Application for Special Advance Tenure to be granted pursuant
21        to this Agreement
22        (3b)    Without limiting clause 6(2)(c), the Minister may at the
23                request of the Company from time to time made during the
24                continuance of this Agreement approve Special Advance
25                Tenure being granted to the Company pursuant to this
26                Agreement if:
27                  (a)   the Company proposes to submit detailed proposals
28                        under this Agreement (other than under clause 7E) to
29                        construct works installations or facilities on the
30                        Relevant Land and the Company's request is so far as
31                        is practicable made, unless the Minister approves
32                        otherwise, no less than 6 months before the
33                        submission of those detailed proposals; and
34                 (b)    the Minister is satisfied that it is necessary and
35                        appropriate that Special Advance Tenure, rather than
36                        tenure granted under or pursuant to the other
37                        provisions of this Agreement, be used for the



                                                                       page 31
     Iron Ore Agreements Legislation Amendment Bill 2011
     Part 2         Iron Ore (Hamersley Range) Agreement Act 1963 amended

     s. 6



1                                   purposes of the proposed works installations or
2                                   facilities on the Relevant Land,
3                         and if the Minister does so approve:
4                           (c)     notwithstanding the Mining Act 1978 or the LAA, the
5                                   appropriate authority or instrumentality of the State
6                                   shall obtain the consent of the Minister to the form
7                                   and substance of the Special Advance Tenure prior to
8                                   its grant (which for the avoidance of doubt neither the
9                                   State nor the Minister is obliged to cause) to the
10                                  Company; and
11                          (d)     if the Company does not submit detailed proposals
12                                  relating to construction of the relevant works
13                                  installations or facilities on the Relevant Land within
14                                  24 months after the date of the Minister's approval or
15                                  such later time subsequently allowed by the Minister,
16                                  or if submitted the Minister does not approve such
17                                  detailed proposals, the Special Advance Tenure (if
18                                  then granted) shall be surrendered at the request of
19                                  the Minister.
20                (3c)    The decisions of the Minister under subclauses (3a) and (3b)
21                        shall not be referable to arbitration and any approval of the
22                        Minister under this clause shall not in any way limit,
23                        prejudice or otherwise affect the exercise by the Minister of
24                        the Minister's powers, or the performance of the Minister's
25                        obligations, under this Agreement or otherwise under the
26                        laws from time to time of the said State.";
27          (5)   in clause 6 by:
28                  (a)   deleting in subclause (4) "subclause (3)" and substituting
29                        "subclauses (3), (3a) and (3b)"; and
30                  (b)   deleting in subclause (4a) "subclause (2)" and substituting
31                        subclauses (2), (3a) and (3b)";
32          (6)   in clause 7(4) by:
33                  (a)   in the introductory paragraph:
34                           (i)    inserting "(aa), " after "(a), "; and


     page 32
                      Iron Ore Agreements Legislation Amendment Bill 2011
     Iron Ore (Hamersley Range) Agreement Act 1963 amended         Part 2

                                                                                    s. 6



1                    (ii)     inserting "including" after "(j) ("; and
2            (b)   inserting in paragraph (c) after "paragraph (a)" the words
3                  "and "the Company's railway" in the said paragraph (aa)";
4                  and
5    (7)   in clause 7E by:
6            (a)   deleting in subclause (1) ""LAA"               means     the   Land
7                  Administration Act 1997 (WA)";
8            (b)   inserting after subclause (3)(c) the following new paragraph:
9                  "(d)         Without limiting subclause (9), the Minister may
10                              waive the requirement under this clause for the
11                              Company to obtain and to furnish the consent of a
12                              title holder if the title holder has refused to give the
13                              required consent and the Minister is satisfied that:
14                                (i)   the title holder's affected land is or was
15                                      subject to a miscellaneous licence granted
16                                      under the Mining Act 1978 for the purpose
17                                      of a railway to be constructed and operated
18                                      in accordance with this Agreement; and
19                               (ii)   in the Minister's opinion, the title holder's
20                                      refusal to give the required consent is not
21                                      reasonable in all the circumstances
22                                      including having regard to:
23                                        (A)    the rights of the Company in
24                                               relation to the affected land as the
25                                               holder of the miscellaneous
26                                               licence, relative to its rights as the
27                                               holder of the sought Special
28                                               Railway Licence or Lateral Access
29                                               Road Licence (as the case may be);
30                                               and
31                                        (B)    the terms of any agreement
32                                               between the Company and the title
33                                               holder.";




                                                                               page 33
     Iron Ore Agreements Legislation Amendment Bill 2011
     Part 2         Iron Ore (Hamersley Range) Agreement Act 1963 amended

     s. 6



1              (c)   deleting in subclause (4)(a) the comma after "the provisions
2                    of this Agreement" and substituting "and"; and
3              (d)   in subclause (7):
4                      (i)   deleting all words in paragraph (c) after "at the date
5                            of such inclusion"; and
6                     (ii)   inserting after paragraph (k) the following new
7                            paragraph:
8                            "(l)        The provisions of clause 10(2)(aa) of the
9                                        Principal Agreement (as applying pursuant to
10                                       clause 7(4)) shall apply mutatis mutandis to
11                                       any Railway or Railway spur line
12                                       constructed pursuant to this clause.".




     page 34
                         Iron Ore Agreements Legislation Amendment Bill 2011
        Iron Ore (Hamersley Range) Agreement Act 1963 amended         Part 2

                                                                                   s. 6



1    EXECUTED as a deed.
2

3    SIGNED by the HONOURABLE                             )
4    COLIN JAMES BARNETT                                  )
5    in the presence of:                                  )
6

      [Signature]                                        [Signature]
      Signature of witness


      Stephen Bombardieri
      Name of witness
7    THE COMMON SEAL of                                   )
8    HAMERSLEY IRON PTY. LIMITED                          )            [C.S.]
9    ACN 004 558 276 was hereunto affixed                 )
10   by authority of the Directors in the presence of:    )
11

      [Signature]                                        Robert Paul Shannon
      Director


      [Signature]                                        Helen Fernihough
      Secretary
12




                                                                                page 35
     Iron Ore Agreements Legislation Amendment Bill 2011
     Part 3         Iron Ore (Robe River) Agreement Act 1964 amended

     s. 7



1              Part 3 -- Iron Ore (Robe River) Agreement
2                         Act 1964 amended
3    7.        Act amended
4              This Part amends the Iron Ore (Robe River) Agreement
5              Act 1964.

6    8.        Section 2 amended
7              In section 2 insert in alphabetical order:
8

9                    the seventh variation agreement means the agreement
10                   a copy of which is set forth in the Eighth Schedule to
11                   this Act;
12


13   9.        Section 4D inserted
14             After section 4C insert:
15


16          4D.      Seventh variation agreement
17             (1)   The seventh variation agreement is ratified.
18             (2)   The implementation of the seventh variation agreement
19                   is authorised.
20             (3)   Without limiting or otherwise affecting the application
21                   of the Government Agreements Act 1979, the seventh
22                   variation agreement is to operate and take effect
23                   despite any other Act or law.
24




     page 36
                      Iron Ore Agreements Legislation Amendment Bill 2011
           Iron Ore (Robe River) Agreement Act 1964 amended        Part 3

                                                                    s. 10



1    10.   Eighth Schedule inserted
2          After the Seventh Schedule insert:
3


4          Eighth Schedule -- Seventh variation agreement
5                                                                 [s. 4D]
6                                   2011
7

8            THE HONOURABLE COLIN JAMES BARNETT
9          PREMIER OF THE STATE OF WESTERN AUSTRALIA
10

11                                  AND
12

13                        ROBE RIVER LIMITED
14                            ACN 008 478 493
15

16              ROBE RIVER MINING CO PTY. LIMITED
17                            ACN 008 694 246
18

19           MITSUI IRON ORE DEVELOPMENT PTY. LTD.
20                            ACN 008 734 361
21

22                      NORTH MINING LIMITED
23                            ACN 000 081 434
24




                                                                 page 37
     Iron Ore Agreements Legislation Amendment Bill 2011
     Part 3         Iron Ore (Robe River) Agreement Act 1964 amended

     s. 10



1                   NIPPON STEEL AUSTRALIA PTY. LTD.
2                               ACN 001 445 049
3

4                SUMITOMO METAL AUSTRALIA PTY. LTD.
5                               ACN 001 444 604
6

7    ________________________________________________________________
8                IRON ORE (ROBE RIVER) AGREEMENT 1964
9                  RATIFIED VARIATION AGREEMENT
10   ________________________________________________________________
11

12

13

14

15
16                              [Solicitor's details]




     page 38
                         Iron Ore Agreements Legislation Amendment Bill 2011
              Iron Ore (Robe River) Agreement Act 1964 amended        Part 3

                                                                             s. 10



1    THIS AGREEMENT is made this 8th day of November 2011
2

3    BETWEEN
4

5    THE HONOURABLE COLIN JAMES BARNETT MLA., Premier of the
6    State of Western Australia, acting for and on behalf of the said State and
7    instrumentalities thereof from time to time (State)
8    AND
9    ROBE RIVER LIMITED ACN 008 478 493 of Level 33, 120 Collins Street,
10   Melbourne, Victoria (RRL)
11   AND
12   ROBE RIVER MINING CO PTY. LIMITED ACN 008 694 246 of Level 27,
13   Central Park, 152-158 St Georges Terrace, Perth, Western Australia (RRMC),
14   MITSUI IRON ORE DEVELOPMENT PTY. LTD. ACN 008 734 361 of
15   Level 26, Exchange Plaza, 2 The Esplanade, Perth, Western Australia (Mitsui),
16   NORTH MINING LIMITED ACN 000 081 434 of Level 33, 120 Collins
17   Street, Melbourne, Victoria (NML),
18   NIPPON STEEL AUSTRALIA PTY. LTD. ACN 001 445 049 of Level 24, 1
19   York Street, Sydney, New South Wales, SUMITOMO METAL AUSTRALIA
20   PTY. LTD. ACN 001 444 604 of Level 39, Australia Square, 264 George
21   Street, Sydney, New South Wales, and the said MITSUI IRON ORE
22   DEVELOPMENT PTY. LTD. which 3 companies carry on business under the
23   name of Cape Lambert Iron Associates (CLIA), and
24   the said NIPPON STEEL AUSTRALIA PTY LTD and SUMITOMO
25   METAL AUSTRALIA PTY LTD which 2 companies carry on business
26   together under the name Pannawonica Iron Associates (PIA).
27   (RRMC, Mitsui, NML, CLIA and PIA are collectively referred to in this
28   Agreement as the Robe Participants.)




                                                                          page 39
     Iron Ore Agreements Legislation Amendment Bill 2011
     Part 3         Iron Ore (Robe River) Agreement Act 1964 amended

     s. 10



1    RECITALS:
2    A.         The State, RRL and the Robe Participants are now the parties to the
3               agreement dated 18 November 1964, approved by and scheduled to
4               the Iron Ore (Robe River) Agreement Act 1964 and which as
5               subsequently added to, varied or amended is referred to in this
6               Agreement as the "Principal Agreement".
7    B.         The parties wish to vary the Principal Agreement.
8

9    THE PARTIES AGREE AS FOLLOWS:
10   1.         Interpretation
11              Subject to the context, the words and expressions used in this
12              Agreement have the same meanings respectively as they have in and
13              for the purpose of the Principal Agreement.
14   2.         Ratification and Operation
15        (1)   The State shall introduce and sponsor a Bill in the State Parliament of
16              Western Australia prior to 31 December 2011 or such later date as
17              may be agreed between the parties hereto to ratify this Agreement.
18              The State shall endeavour to secure the timely passage of such Bill as
19              an Act.
20        (2)   The provisions of this Agreement other than this clause and clause 1
21              will not come into operation until the day after the day on which the
22              Bill referred to in subclause (1) has been passed by the State
23              Parliament of Western Australia and commences to operate as an Act.
24        (3)   If by 30 June 2012 the said Bill has not commenced to operate as an
25              Act then, unless the parties hereto otherwise agree, this Agreement
26              will then cease and determine and no party hereto will have any claim
27              against any other party hereto with respect to any matter or thing
28              arising out of, done, performed, or omitted to be done or performed
29              under this Agreement.
30        (4)   On the day after the day on which the said Bill commences to operate
31              as an Act all the provisions of this Agreement will operate and take
32              effect despite any enactment or other law.



     page 40
                           Iron Ore Agreements Legislation Amendment Bill 2011
                Iron Ore (Robe River) Agreement Act 1964 amended        Part 3

                                                                                  s. 10



1    3.         Variation of Principal Agreement
2         The Principal Agreement is varied as follows:
3         (1) in clause 1 by:
4                 (a)   inserting in the appropriate alphabetical positions the
5                       following new definitions:
6                       "Eligible Existing Tenure" means:
7                         (a)   (i)    a miscellaneous licence or general purpose
8                                      lease granted to the Company under the Mining
9                                      Act 1978; or
10                              (ii)   a lease or easement granted to the Company
11                                     under the LAA,
12                              and not clearly, to the satisfaction of the Minister,
13                              granted under or pursuant to or held pursuant to this
14                              Agreement; or
15                       (b)    an application by the Company for the grant to it of a
16                              tenement referred to in paragraph (a)(i) (which
17                              application has not clearly, to the satisfaction of the
18                              Minister, been made under or pursuant to this
19                              Agreement) and as the context requires the tenement
20                              granted pursuant to such an application,
21                       where that tenure was granted or that application was made
22                       (as the case may be) on or before 1 October 2011;
23                       "LAA" means the Land Administration Act 1997 (WA);
24                       "Relevant Land", in relation to Eligible Existing Tenure or
25                       Special Advance Tenure, means the land which is the subject
26                       of that Eligible Existing Tenure or Special Advance Tenure,
27                       as the case may be;
28                       "second variation date" means the date on which clause 3
29                       of the variation agreement made on or about
30                       7 November 2011 between the State and the Company
31                       comes into operation;




                                                                              page 41
     Iron Ore Agreements Legislation Amendment Bill 2011
     Part 3         Iron Ore (Robe River) Agreement Act 1964 amended

     s. 10



1                        "Special Advance Tenure" means:
2                        (a)     a miscellaneous licence or general purpose lease
3                                requested under clause 8(2b) to be granted to the
4                                Company under the Mining Act 1978; or
5                        (b)     an easement or a lease requested under clause 8(2b)
6                                to be granted to the Company under the LAA,
7                        and as the context requires such tenure if granted;
8                  (b)   inserting after the words "reference in this Agreement to an
9                        Act shall include the amendments to such Act for the time
10                       being in force and also any Act passed in substitution therefor
11                       or in lieu thereof and the regulations for the time being in
12                       force thereunder" the words "(and for the avoidance of doubt
13                       this principle, subject to the context and without limitation to
14                       its application to other Acts, may apply in respect of
15                       references to the Land Act and the Mining Act
16                       notwithstanding references in this Agreement to the LAA and
17                       the Mining Act 1978);";
18      (2) by inserting after clause 7F the following new clauses:
19             "Community development plan
20           7G.          (1)    In this clause, the term "community and social
21                               benefits" includes:
22                                   (a)   assistance with skills development and
23                                         training opportunities to promote work
24                                         readiness and employment for persons
25                                         living in the Pilbara region of the said State;
26                                  (b)    regional development activities in the
27                                         Pilbara region of the said State, including
28                                         partnerships and sponsorships;
29                                   (c)   contribution to any community projects,
30                                         town services or facilities; and
31                                  (d)    a regionally based workforce.
32                         (2)   The Company acknowledges the need for community
33                               and social benefits flowing from this Agreement.

     page 42
                Iron Ore Agreements Legislation Amendment Bill 2011
     Iron Ore (Robe River) Agreement Act 1964 amended        Part 3

                                                                   s. 10



1            (3)   The Company agrees that:
2                     (a)   it shall prepare a plan which describes the
3                           Company's      proposed    strategies   for
4                           achieving community and social benefits in
5                           connection with its activities under this
6                           Agreement; and
7                     (b)   the Company shall, not later than 3 months
8                           after the second variation date, submit to
9                           the Minister the plan prepared under
10                          paragraph (a) and confer with the Minister
11                          in respect of the plan.
12           (4)   The Minister shall within 2 months after receipt of a
13                 plan submitted under subclause (3)(b), either notify
14                 the Company that the Minister approves the plan as
15                 submitted or notify the Company of changes which
16                 the Minister requires be made to the plan. If the
17                 Company is unwilling to accept the changes which
18                 the Minister requires it shall notify the Minister to
19                 that effect and either party may refer to arbitration
20                 hereunder the question of the reasonableness of the
21                 changes required by the Minister.
22           (5)   The effect of an award made on an arbitration
23                 pursuant to subclause (4) shall be that the relevant
24                 plan submitted by the Company pursuant to
25                 subclause (3)(b) shall, with such changes required by
26                 the Minister under subclause (4) as the arbitrator
27                 determines to be reasonable (with or without
28                 modification by the arbitrator), be deemed to be the
29                 plan approved by the Minister under this clause.
30           (6)   At least 3 months before the anticipated submission
31                 of proposals relating to a proposed development
32                 pursuant to clauses 7A or 9D, the Company must,
33                 unless the Minister otherwise requires, give to the
34                 Minister information about how the proposed
35                 development may affect the plan approved or deemed
36                 to be approved by the Minister under this clause.
37                 This obligation operates in relation to all proposals


                                                               page 43
     Iron Ore Agreements Legislation Amendment Bill 2011
     Part 3         Iron Ore (Robe River) Agreement Act 1964 amended

     s. 10



1                              submitted on or after the date that is 4 months after
2                              the date when a plan is first approved or deemed to be
3                              approved under this clause.
4                       (7)    The Company shall at least annually report to the
5                              Minister about the Company's implementation of the
6                              plan approved or deemed to be approved by the
7                              Minister under this clause.
8                       (8)    At the request of either of them made at any time and
9                              from time to time, the Minister and the Company
10                             shall confer as to any amendments desired to any plan
11                             approved or deemed to be approved by the Minister
12                             under this clause and may agree to amendment of the
13                             plan or adoption of a new plan. Any such amended
14                             plan or new plan will be deemed to be the plan
15                             approved by the Minister under this clause in respect
16                             of the development to which it relates.
17                      (9)    During the currency of this Agreement, the Company
18                             shall implement the plan approved or deemed to be
19                             approved by the Minister under this clause.
20             Local participation plan
21             7H.       (1)   In this clause, the term "local industry participation
22                             benefits" means:
23                                (a)     the use and training of labour available
24                                        within the said State;
25                                (b)     the use of the services of engineers,
26                                        surveyors, architects and other professional
27                                        consultants, experts, specialists, project
28                                        managers and contractors available within
29                                        the said State; and
30                                (c)     the procurement of works, materials, plant,
31                                        equipment and supplies from Western
32                                        Australian suppliers, manufacturers and
33                                        contractors.




     page 44
                Iron Ore Agreements Legislation Amendment Bill 2011
     Iron Ore (Robe River) Agreement Act 1964 amended        Part 3

                                                                    s. 10



1            (2)   The Company acknowledges the need for local
2                  industry participation benefits flowing from this
3                  Agreement.
4            (3)   The Company agrees that it shall, not later than
5                  3 months after the second variation date, prepare and
6                  provide to the Minister a plan which contains:
7                     (a)   a clear statement on the strategies which the
8                           Company will use, and require a third party
9                           as referred to in subclause (7) to use, to
10                          maximise the uses and procurement
11                          referred to in subclause (1);
12                    (b)   detailed information on the procurement
13                          practices the Company will adopt, and
14                          require a third party as referred to in
15                          subclause (7) to adopt, in calling for tenders
16                          and letting contracts for works, materials,
17                          plant, equipment and supplies stages in
18                          relation to a proposed development and
19                          how such practices will provide fair and
20                          reasonable opportunity for suitably
21                          qualified Western Australian suppliers,
22                          manufacturers and contractors to tender or
23                          quote for works, materials, plant,
24                          equipment and supplies;
25                    (c)   detailed information on the methods the
26                          Company will use, and require a third party
27                          as referred to in subclause (7) to use, to
28                          have their respective procurement officers
29                          promptly introduced to Western Australian
30                          suppliers, manufacturers and contractors
31                          seeking such introduction; and
32                    (d)   details of the communication strategies the
33                          Company will use, and require a third party
34                          as referred to in subclause (7) to use, to
35                          alert Western Australian engineers,
36                          surveyors, architects and other professional
37                          consultants, experts, specialists, project


                                                                 page 45
     Iron Ore Agreements Legislation Amendment Bill 2011
     Part 3         Iron Ore (Robe River) Agreement Act 1964 amended

     s. 10



1                                      managers and consultants and Western
2                                      Australian suppliers, manufacturers and
3                                      contractors to services opportunities and
4                                      procurement opportunities respectively as
5                                      referred to in subclause (1).
6                            It is acknowledged by the Company that the strategies
7                            of the Company referred to in subclause (3)(a) will
8                            include strategies of the Company in relation to
9                            supply of services, labour, works, materials, plant,
10                           equipment or supplies for the purposes of this
11                           Agreement.
12                     (4)   At the request of either of them made at any time and
13                           from time to time, the Minister and the Company
14                           shall confer as to any amendments desired to any plan
15                           provided under this clause and may agree to the
16                           amendment of the plan or the provision of a new plan
17                           in substitution for the one previously provided.
18                     (5)   At least 6 months before the anticipated submission
19                           of proposals relating to a proposed development
20                           pursuant to clauses 7A or 9D, the Company must,
21                           unless the Minister otherwise requires, give to the
22                           Minister information about the implementation of the
23                           plan provided under this clause in relation to the
24                           proposed development. This obligation operates in
25                           relation to all proposals submitted on or after the date
26                           that is 7 months after the date when a plan is first
27                           provided under this clause.
28                     (6)   During the currency of this Agreement the Company
29                           shall implement the plan provided under this clause.
30                     (7)   The Company shall:
31                              (a)    in every contract entered into with a third
32                                     party where the third party has an
33                                     obligation or right to procure the supply of
34                                     services, labour, works, materials, plant,
35                                     equipment or supplies for or in connection
36                                     with a proposed development, ensure that
37                                     the contract contains appropriate provisions

     page 46
                      Iron Ore Agreements Legislation Amendment Bill 2011
           Iron Ore (Robe River) Agreement Act 1964 amended        Part 3

                                                                             s. 10



1                                    requiring the third party to undertake
2                                    procurement activities in accordance with
3                                    the plan provided under this clause; and
4                              (b)   use reasonable endeavours to ensure that
5                                    the third party complies with those
6                                    provisions.";
7    (3)   in clause 8(1)(b) by:
8            (a)   inserting a comma after "Mining Act"; and
9            (b)   inserting after    subparagraph (iii)   the   following   new
10                 paragraph:
11                 "and notwithstanding clause 9B(2)(b)(iv), detailed proposals
12                 may refer to activities on tenure which is proposed to be
13                 granted pursuant to this paragraph (b) as if that tenure was
14                 granted pursuant to this Agreement (but this does not limit
15                 the powers or discretions of the Minister under this
16                 Agreement or the Minister responsible for the administration
17                 of any relevant Act with respect to the grant of the tenure);";
18   (4)   by inserting after clause 8(2) the following new subclauses:
19         "Application for Eligible Existing Tenure to be held pursuant to
20         this Agreement
21          (2a) (a)       The Minister may at the request of the Company from
22                         time to time made during the continuance of this
23                         Agreement approve Eligible Existing Tenure
24                         becoming held pursuant to this Agreement on such
25                         conditions as the Minister sees fit (including, without
26                         limitation and notwithstanding the Mining Act 1978
27                         and the LAA, as to the surrender of land, the
28                         submission of detailed proposals and the variation of
29                         the terms and conditions of the Eligible Existing
30                         Tenure (including for the Eligible Existing Tenure to
31                         be held pursuant to this Agreement and for the more
32                         efficient use of the Relevant Land)) and the Minister
33                         may from time to time vary such conditions in order to
34                         extend any specified time for the doing of any thing or
35                         otherwise with the agreement of the Company.


                                                                          page 47
     Iron Ore Agreements Legislation Amendment Bill 2011
     Part 3         Iron Ore (Robe River) Agreement Act 1964 amended

     s. 10



1                      (b)        Eligible Existing Tenure the subject of an approval by
2                                 the Minister under this subclause will be held by the
3                                 Company pursuant to this Agreement:
4                                      (i)   if the Minister's approval was not given
5                                            subject to conditions, on and from the date
6                                            of the Minister's notice of approval;
7                                     (ii)   unless paragraph (iii) applies, if the
8                                            Minister's approval was given subject to
9                                            conditions, on the date on which all such
10                                           conditions have been satisfied; and
11                                   (iii)   if the Minister's approval was given subject
12                                           to a condition requiring that the Company
13                                           submit detailed proposals in accordance
14                                           with this Agreement, on the later of the date
15                                           on which the Minister approves proposals
16                                           submitted in discharge of that specified
17                                           condition and the date upon which all other
18                                           specified conditions have been satisfied, but
19                                           the Company is authorised to implement
20                                           any approved proposal to the extent such
21                                           implementation is consistent with the then
22                                           terms and conditions of the Eligible
23                                           Existing Tenure pending the satisfaction of
24                                           any conditions relating to the variation of
25                                           the terms or conditions of the Eligible
26                                           Existing Tenure. Where this paragraph (iii)
27                                           applies, prior to any approval of proposals
28                                           and satisfaction of other conditions, the
29                                           relevant tenure will be treated for (but only
30                                           for) the purposes of clause 9B(2)(b)(iv) as
31                                           tenure held pursuant to this Agreement.
32             Application for Special Advance Tenure to be granted pursuant
33             to this Agreement
34              (2b)         Without limiting clause 8(1)(c), the Minister may at the
35                           request of the Company from time to time made during the
36                           continuance of this Agreement approve Special Advance



     page 48
                Iron Ore Agreements Legislation Amendment Bill 2011
     Iron Ore (Robe River) Agreement Act 1964 amended        Part 3

                                                                      s. 10



1            Tenure being granted to the Company pursuant to this
2            Agreement if:
3             (a)   the Company proposes to submit detailed proposals
4                   under this Agreement (other than under clause 9D) to
5                   construct works installations or facilities on the
6                   Relevant Land and the Company's request is so far as
7                   is practicable made, unless the Minister approves
8                   otherwise, no less than 6 months before the
9                   submission of those detailed proposals; and
10            (b)   the Minister is satisfied that it is necessary and
11                  appropriate that Special Advance Tenure, rather than
12                  tenure granted under or pursuant to the other
13                  provisions of this Agreement, be used for the
14                  purposes of the proposed works installations or
15                  facilities on the Relevant Land,
16           and if the Minister does so approve:
17            (c)   notwithstanding the Mining Act 1978 or the LAA, the
18                  appropriate authority or instrumentality of the State
19                  shall obtain the consent of the Minister to the form
20                  and substance of the Special Advance Tenure prior to
21                  its grant (which for the avoidance of doubt neither the
22                  State nor the Minister is obliged to cause) to the
23                  Company; and
24            (d)   if the Company does not submit detailed proposals
25                  relating to construction of the relevant works
26                  installations or facilities on the Relevant Land within
27                  24 months after the date of the Minister's approval or
28                  such later time subsequently allowed by the Minister,
29                  or if submitted the Minister does not approve such
30                  detailed proposals, the Special Advance Tenure (if
31                  then granted) shall be surrendered at the request of
32                  the Minister.
33    (2c)   The decisions of the Minister under subclauses (2a) and (2b)
34           shall not be referable to arbitration and any approval of the
35           Minister under this clause shall not in any way limit,
36           prejudice or otherwise affect the exercise by the Minister of
37           the Minister's powers, or the performance of the Minister's

                                                                  page 49
     Iron Ore Agreements Legislation Amendment Bill 2011
     Part 3         Iron Ore (Robe River) Agreement Act 1964 amended

     s. 10



1                       obligations, under this Agreement or otherwise under the
2                       laws from time to time of the said State.";
3       (5)    in clause 8 by:
4                (a)   deleting in subclause (3) "subclause (2)" and substituting
5                      "subclauses (2), (2a) and (2b)"; and
6                (b)   deleting in subclause (3a) "subclause (1)" and substituting
7                      "subclauses (1), (2a) and (2b)";
8       (6)    in clause 9(2) by:
9                (a)   deleting in paragraph (a) the words "allow crossing places for
10                     roads stock and other railways and";
11               (b)   inserting after paragraph (a) the following new paragraph:
12                     "Crossings over Railway
13                      (aa)     for the purposes of livestock and infrastructure such
14                               as roads, railways, conveyors, pipelines, transmission
15                               lines and other utilities proposed to cross the land the
16                               subject of the Company's railway the Company shall:
17                                   (i)   if applicable, give its consent to, or
18                                         otherwise facilitate the grant by the State or
19                                         any agency, instrumentality or other
20                                         authority of the State of any lease, licence
21                                         or other title over land the subject of the
22                                         Company's railway so long as such grant
23                                         does not in the Minister's opinion unduly
24                                         prejudice or interfere with the activities of
25                                         the Company under this Agreement; and
26                                  (ii)   on reasonable terms and conditions allow
27                                         access for the construction and operation of
28                                         such       crossings     and      associated
29                                         infrastructure,
30                               provided that in forming his opinion under this
31                               clause, the Minister must consult with the
32                               Company;";



     page 50
                      Iron Ore Agreements Legislation Amendment Bill 2011
           Iron Ore (Robe River) Agreement Act 1964 amended        Part 3

                                                                                 s. 10



1            (c)   deleting paragraph (j)(ii) and substituting the following
2                  subparagraph:
3                  "(ii)      on fine ore and pisolite fine ore sold or shipped
4                             separately as such at the rate of:
5                                (A)    5.625% of the f.o.b. value, for ore shipped
6                                       prior to or on 30 June 2012;
7                                (B)    6.5% of the f.o.b. value, for ore shipped
8                                       during the period from 1 July 2012 to
9                                       30 June 2013 (inclusive of both dates); and
10                               (C)    7.5% of the f.o.b. value, for ore shipped on
11                                      or after 1 July 2013;";
12   (7)   in clause 9D by:
13           (a)   deleting in subclause (1) ""LAA"              means     the   Land
14                 Administration Act 1997 (WA)";
15           (b)   inserting after subclause (3)(c) the following new paragraph:
16                  "(d)      Without limiting subclause (9), the Minister may
17                            waive the requirement under this clause for the
18                            Company to obtain and to furnish the consent of a
19                            title holder if the title holder has refused to give the
20                            required consent and the Minister is satisfied that:
21                                (i)   the title holder's affected land is or was
22                                      subject to a miscellaneous licence granted
23                                      under the Mining Act 1978 for the purpose
24                                      of a railway to be constructed and operated
25                                      in accordance with this Agreement; and
26                               (ii)   in the Minister's opinion, the title holder's
27                                      refusal to give the required consent is not
28                                      reasonable in all the circumstances
29                                      including having regard to:
30                                        (A)    the rights of the Company in
31                                               relation to the affected land as the
32                                               holder of the miscellaneous
33                                               licence, relative to its rights as the
34                                               holder of the sought Special

                                                                              page 51
     Iron Ore Agreements Legislation Amendment Bill 2011
     Part 3         Iron Ore (Robe River) Agreement Act 1964 amended

     s. 10



1                                                  Railway Licence or Lateral Access
2                                                  Road Licence (as the case may be);
3                                                  and
4                                            (B)   the terms of any agreement
5                                                  between the Company and the title
6                                                  holder.";
7                (c)   deleting in subclause (4)(a) the comma after "the provisions
8                      of this Agreement" and substituting "and"; and
9               (d)    in subclause (7):
10                       (i)   deleting all words in paragraph (c) after "at the date
11                             of such inclusion"; and
12                      (ii)   inserting after paragraph (k) the following new
13                             paragraph:
14                             "(l)        The provisions of clause 9(2)(aa) shall
15                                         apply mutatis mutandis to any Railway or
16                                         Railway spur line constructed pursuant to
17                                         this clause."; and
18      (8)    in clause 10B by deleting           "clause 9(2)(a)"   and   substituting
19             "clauses 9(2)(a) and (aa)".




     page 52
                         Iron Ore Agreements Legislation Amendment Bill 2011
              Iron Ore (Robe River) Agreement Act 1964 amended        Part 3

                                                                       s. 10



1    EXECUTED as a deed.
2

3    SIGNED by the HONOURABLE                   )
4    COLIN JAMES BARNETT                        )
5    in the presence of:                        )
6

      [Signature]                              [Signature]
      Signature of witness


      Stephen Bombardieri
      Name of witness
7

8    Signed for ROBE RIVER LIMITED              )
9    ACN 008 478 493 by its attorney in the     )
10   presence of:                               )
11

      [Signature]                              [Signature]
      Witness signature                        Attorney signature


      Christopher Richards                     Paul Shannon
      Print Name                               Print Name
12




                                                                    page 53
     Iron Ore Agreements Legislation Amendment Bill 2011
     Part 3         Iron Ore (Robe River) Agreement Act 1964 amended

     s. 10



1    THE COMMON SEAL of ROBE                    )
2    RIVER MINING CO PTY. LIMITED               )
3    ACN 008 694 246 was hereunto affixed       )            [C.S.]
4    by authority of the Directors in the       )
5    presence of:                               )
6

      [Signature]                              Andrew Kite
      Director


      [Signature]                              Helen Fernihough
      Secretary
7

8    THE COMMON SEAL of                         )
9    MITSUI IRON ORE                            )
10   DEVELOPMENT PTY. LTD.                      )            [C.S.]
11   ACN 008 734 361 was hereunto affixed       )
12   by authority of the Directors in the       )
13   presence of:                               )
14

      [Signature]                              Hirofumi Fujita
      Director


      [Signature]                              John William Smith
      Director/Secretary
15




     page 54
                            Iron Ore Agreements Legislation Amendment Bill 2011
                 Iron Ore (Robe River) Agreement Act 1964 amended        Part 3

                                                                           s. 10



1    Signed by NORTH MINING                        )
2    LIMITED ACN 000 081 434 by                    )
3    its attorney in the presence of:              )
4

      [Signature]                                 [Signature]
      Witness signature                           Attorney signature


      Christopher Richards                        Paul Shannon
      Print Name                                  Print Name
5

6    CAPE LAMBERT IRON ASSOCIATES
7    Signed by NIPPON STEEL                        )
8    AUSTRALIA PTY. LTD.                           )
9    ACN 001 445 049 by its duly appointed         )
10   attorney MITSUI IRON ORE                      )            [C.S.]
11   DEVELOPMENTS PTY. LTD.                        )
12   ACN 008 734 361 hereunto affixing             )
13   its Seal by authority of the Directors        )
14   in the presence of:                           )
15

      [Signature]                                 Hirofumi Fujita
      Director


      [Signature]                                 John William Smith
      Director/Secretary
16




                                                                         page 55
     Iron Ore Agreements Legislation Amendment Bill 2011
     Part 3         Iron Ore (Robe River) Agreement Act 1964 amended

     s. 10



1    Signed by SUMITOMO METAL                    )
2    AUSTRALIA PTY. LTD.                         )
3    ACN 001 444 604 by its duly appointed       )
4    attorney MITSUI IRON ORE                    )          [C.S.]
5    DEVELOPMENTS PTY. LTD.                      )
6    ACN 008 734 361 hereunto affixing           )
7    its Seal by authority of the Directors      )
8    in the presence of:                         )
9

      [Signature]                               Hirofumi Fujita
      Director


      [Signature]                               John William Smith
      Director/Secretary
10

11   THE COMMON SEAL of MITSUI                   )
12   IRON ORE DEVELOPMENT PTY.                   )
13   LTD. ACN 008 734 361 was hereunto           )          [C.S.]
14   affixed by authority of the Directors in    )
15   the presence of:                            )
16

      [Signature]                               Hirofumi Fujita
      Director


      [Signature]                               John William Smith
      Secretary
17




     page 56
                            Iron Ore Agreements Legislation Amendment Bill 2011
                 Iron Ore (Robe River) Agreement Act 1964 amended        Part 3

                                                                          s. 10



1    PANNAWONICA IRON ASSOCIATES
2

3    Signed by NIPPON STEEL                        )
4    AUSTRALIA PTY. LTD.                           )
5    ACN 001 445 049 by its duly appointed         )
6    attorney MITSUI IRON ORE                      )          [C.S.]
7    DEVELOPMENTS PTY. LTD.                        )
8    ACN 008 734 361 hereunto affixing             )
9    its Seal by authority of the Directors        )
10   in the presence of:                           )
11

      [Signature]                                 Hirofumi Fujita
      Director


      [Signature]                                 John William Smith
      Secretary
12

13   Signed by SUMITOMO METAL                      )
14   AUSTRALIA PTY. LTD.                           )
15   ACN 001 444 604 by its duly appointed         )
16   attorney MITSUI IRON ORE                      )          [C.S.]
17   DEVELOPMENT PTY. LTD.                         )
18   ACN 008 734 361 hereunto affixing             )
19   its Seal by authority of the Directors        )
20   in the presence of:                           )
21

      [Signature]                                 Hirofumi Fujita
      Director


      [Signature]                                 John William Smith
      Secretary
22


                                                                       page 57
     Iron Ore Agreements Legislation Amendment Bill 2011
     Part 4         Iron Ore (Mount Bruce) Agreement Act 1972 amended

     s. 11



1                Part 4 -- Iron Ore (Mount Bruce) Agreement
2                            Act 1972 amended
3    11.          Act amended
4                 This Part amends the Iron Ore (Mount Bruce) Agreement
5                 Act 1972.

6    12.          Section 2 amended
7          (1)    At the end of section 2 insert:
8

9                       the 2011 Variation Agreement means the agreement a
10                      copy of which is set forth in the Fifth Schedule.
11

12         (2)    In section 2 in the definition of the Agreement delete "Part 6
13                and the 2010 Variation Agreement;" and insert:
14

15                      Part 6, the 2010 Variation Agreement and the
16                      2011 Variation Agreement;
17

18         (3)    In section 2 in the definition of the 2010 Variation Agreement
19                delete "Schedule." and insert:
20

21                Schedule;
22


23   13.          Section 4D inserted
24                After section 4C insert:
25


26           4D.        2011 Variation Agreement
27                (1)   The 2011 Variation Agreement is ratified and its
28                      implementation is authorised.


     page 58
                       Iron Ore Agreements Legislation Amendment Bill 2011
           Iron Ore (Mount Bruce) Agreement Act 1972 amended        Part 4

                                                                     s. 14



1           (2)   Without limiting or otherwise affecting the
2                 Government Agreements Act 1979, the 2011 Variation
3                 Agreement is to operate and take effect despite any
4                 other Act or law.
5


6    14.    Fifth Schedule inserted
7           After the Fourth Schedule insert:
8


9             Fifth Schedule -- 2011 Variation Agreement
10                                                                   [s. 2]
11                                    2011
12

13             THE HONOURABLE COLIN JAMES BARNETT
14         PREMIER OF THE STATE OF WESTERN AUSTRALIA
15

16                                    AND
17

18                  MOUNT BRUCE MINING PTY. LTD.
19                             ACN 008 714 010
20

21   ________________________________________________________________
22            IRON ORE (MOUNT BRUCE) AGREEMENT 1972
23                 RATIFIED VARIATION AGREEMENT
24   ________________________________________________________________
25

26                             [Solicitor's details]



                                                                  page 59
     Iron Ore Agreements Legislation Amendment Bill 2011
     Part 4         Iron Ore (Mount Bruce) Agreement Act 1972 amended

     s. 14



1    THIS AGREEMENT is made this 7th day of November 2011
2

3    BETWEEN
4

5    THE HONOURABLE COLIN JAMES BARNETT MLA., Premier of the
6    State of Western Australia, acting for and on behalf of the said State and
7    instrumentalities thereof from time to time (State)
8    AND
9    MOUNT BRUCE MINING PTY. LTD. ACN 008 714 010 of Level 22,
10   Central Park, 152-158 St Georges Terrace, Perth, Western Australia
11   (Company).
12

13   RECITALS:
14   A.         The State and the Company are the parties to the agreement dated
15              10 March 1972, ratified by and scheduled to the Iron Ore (Mount
16              Bruce) Agreement Act 1972 and which as subsequently added to,
17              varied or amended is referred to in this Agreement as the "Principal
18              Agreement".
19   B.         The State and the Company wish to vary the Principal Agreement.
20

21   THE PARTIES AGREE AS FOLLOWS:
22   1.         Interpretation
23              Subject to the context, the words and expressions used in this
24              Agreement have the same meanings respectively as they have in and
25              for the purpose of the Principal Agreement.
26   2.         Ratification and Operation
27        (1)   The State shall introduce and sponsor a Bill in the State Parliament of
28              Western Australia prior to 31 December 2011 or such later date as
29              may be agreed between the parties hereto to ratify this Agreement.



     page 60
                            Iron Ore Agreements Legislation Amendment Bill 2011
                Iron Ore (Mount Bruce) Agreement Act 1972 amended        Part 4

                                                                                     s. 14



1                The State shall endeavour to secure the timely passage of such Bill as
2                an Act.
3         (2)    The provisions of this Agreement other than this clause and clause 1
4                will not come into operation until the day after the day on which the
5                Bill referred to in subclause (1) has been passed by the State
6                Parliament of Western Australia and commences to operate as an Act.
7         (3)    If by 30 June 2012 the said Bill has not commenced to operate as an
8                Act then, unless the parties hereto otherwise agree, this Agreement
9                will then cease and determine and no party hereto will have any claim
10               against any other party hereto with respect to any matter or thing
11               arising out of, done, performed, or omitted to be done or performed
12               under this Agreement.
13        (4)    On the day after the day on which the said Bill commences to operate
14               as an Act all the provisions of this Agreement will operate and take
15               effect despite any enactment or other law.
16   3.          Variation of Principal Agreement
17        The Principal Agreement is varied as follows:
18        (1)    in clause 1 by:
19                 (a)   inserting in the appropriate alphabetical positions the
20                       following new definitions:
21                       "Eligible Existing Tenure" means:
22                         (a)     (i)    a miscellaneous licence or general purpose
23                                        lease granted to the Company under the
24                                        Mining Act 1978; or
25                                 (ii)   a lease or easement granted to the Company
26                                        under the LAA,
27                                 and not clearly, to the satisfaction of the Minister,
28                                 granted under or pursuant to or held pursuant to this
29                                 Agreement; or
30                         (b)     an application by the Company for the grant to it of a
31                                 tenement referred to in paragraph (a)(i) (which
32                                 application has not clearly, to the satisfaction of the
33                                 Minister, been made under or pursuant to this

                                                                                 page 61
     Iron Ore Agreements Legislation Amendment Bill 2011
     Part 4         Iron Ore (Mount Bruce) Agreement Act 1972 amended

     s. 14



1                              Agreement) and as the context requires the tenement
2                              granted pursuant to such an application,
3                      where that tenure was granted or that application was made
4                      (as the case may be) on or before 1 October 2011;
5                      "LAA" means the Land Administration Act 1997 (WA);
6                      "Relevant Land", in relation to Eligible Existing Tenure or
7                      Special Advance Tenure, means the land which is the subject
8                      of that Eligible Existing Tenure or Special Advance Tenure,
9                      as the case may be;
10                     "second variation date" means the date on which clause 3 of
11                     the variation agreement made on or about 7 November 2011
12                     between the State and the Company comes into operation;
13                     "Special Advance Tenure" means:
14                       (a)   a miscellaneous licence or general purpose lease
15                             requested under clause 7(3b) to be granted to the
16                             Company under the Mining Act 1978; or
17                       (b)   an easement or a lease requested under clause 7(3b)
18                             to be granted to the Company under the LAA,
19                     and as the context requires such tenure if granted;
20               (b)   inserting after the words "reference in this Agreement to an
21                     Act shall include the amendments to such Act for the time
22                     being in force and also any Act passed in substitution therefor
23                     or in lieu thereof and the regulations for the time being in
24                     force thereunder" the words "(and for the avoidance of doubt
25                     this principle, subject to the context and without limitation to
26                     its application to other Acts, may apply in respect of
27                     references to the Land Act and the Mining Act
28                     notwithstanding references in this Agreement to the LAA and
29                     the Mining Act 1978)";
30      (2)    in clause 7(1) by inserting after paragraph (c) the following new
31             paragraph:
32             "Notwithstanding clause 20C(2)(b)(iv), detailed proposals may refer
33             to activities on tenure which is proposed to be granted pursuant to this
34             subclause (1) as if that tenure was granted pursuant to this Agreement

     page 62
                       Iron Ore Agreements Legislation Amendment Bill 2011
           Iron Ore (Mount Bruce) Agreement Act 1972 amended        Part 4

                                                                               s. 14



1           (but this does not limit the powers or discretions of the Minister under
2           this Agreement or the Minister responsible for the administration of
3           any relevant Act with respect to the grant of the tenure).";
4    (3)    by inserting after clause 7(3) the following new subclauses:
5           "Application for Eligible Existing Tenure to be held pursuant to
6           this Agreement
7           (3a)    (a)     The Minister may at the request of the Company from
8                           time to time made during the continuance of this
9                           Agreement approve Eligible Existing Tenure
10                          becoming held pursuant to this Agreement on such
11                          conditions as the Minister sees fit (including, without
12                          limitation and notwithstanding the Mining Act 1978
13                          and the LAA, as to the surrender of land, the
14                          submission of detailed proposals and the variation of
15                          the terms and conditions of the Eligible Existing
16                          Tenure (including for the Eligible Existing Tenure to
17                          be held pursuant to this Agreement and for the more
18                          efficient use of the Relevant Land)) and the Minister
19                          may from time to time vary such conditions in order
20                          to extend any specified time for the doing of any
21                          thing or otherwise with the agreement of the
22                          Company.
23                  (b)     Eligible Existing Tenure the subject of an approval by
24                          the Minister under this subclause will be held by the
25                          Company pursuant to this Agreement:

26                              (i)    if the Minister's approval was not given
27                                     subject to conditions, on and from the date
28                                     of the Minister's notice of approval;
29                              (ii)   unless paragraph (iii) applies, if the
30                                     Minister's approval was given subject to
31                                     conditions, on the date on which all such
32                                     conditions have been satisfied; and

33                             (iii)   if the Minister's approval was given subject
34                                     to a condition requiring that the Company
35                                     submit detailed proposals in accordance


                                                                           page 63
     Iron Ore Agreements Legislation Amendment Bill 2011
     Part 4         Iron Ore (Mount Bruce) Agreement Act 1972 amended

     s. 14



1                                      with this Agreement, on the later of the date
2                                      on which the Minister approves proposals
3                                      submitted in discharge of that specified
4                                      condition and the date upon which all other
5                                      specified conditions have been satisfied, but
6                                      the Company is authorised to implement
7                                      any approved proposal to the extent such
8                                      implementation is consistent with the then
9                                      terms and conditions of the Eligible
10                                     Existing Tenure pending the satisfaction of
11                                     any conditions relating to the variation of
12                                     the terms or conditions of the Eligible
13                                     Existing Tenure. Where this paragraph (iii)
14                                     applies, prior to any approval of proposals
15                                     and satisfaction of other conditions, the
16                                     relevant tenure will be treated for (but only
17                                     for) the purposes of clause 20C(2)(b)(iv) as
18                                     tenure held pursuant to this Agreement.
19             Application for Special Advance Tenure to be granted pursuant
20             to this Agreement

21             (3b)   Without limiting clause 7(2), the Minister may at the request
22                    of the Company from time to time made during the
23                    continuance of this Agreement approve Special Advance
24                    Tenure being granted to the Company pursuant to this
25                    Agreement if:

26                      (a)   the Company proposes to submit detailed proposals
27                            under this Agreement (other than under clause 20E)
28                            to construct works installations or facilities on the
29                            Relevant Land and the Company's request is so far as
30                            is practicable made, unless the Minister approves
31                            otherwise, no less than 6 months before the
32                            submission of those detailed proposals; and

33                     (b)    the Minister is satisfied that it is necessary and
34                            appropriate that Special Advance Tenure, rather than
35                            tenure granted under or pursuant to the other
36                            provisions of this Agreement, be used for the



     page 64
                       Iron Ore Agreements Legislation Amendment Bill 2011
           Iron Ore (Mount Bruce) Agreement Act 1972 amended        Part 4

                                                                                s. 14



1                             purposes of the proposed works installations or
2                             facilities on the Relevant Land,
3                   and if the Minister does so approve:
4                     (c)     notwithstanding the Mining Act 1978 or the LAA, the
5                             appropriate authority or instrumentality of the State
6                             shall obtain the consent of the Minister to the form
7                             and substance of the Special Advance Tenure prior to
8                             its grant (which for the avoidance of doubt neither the
9                             State nor the Minister is obliged to cause) to the
10                            Company; and
11                    (d)     if the Company does not submit detailed proposals
12                            relating to construction of the relevant works
13                            installations or facilities on the Relevant Land within
14                            24 months after the date of the Minister's approval or
15                            such later time subsequently allowed by the Minister,
16                            or if submitted the Minister does not approve such
17                            detailed proposals, the Special Advance Tenure (if
18                            then granted) shall be surrendered at the request of
19                            the Minister.
20          (3c)    The decisions of the Minister under subclauses (3a) and (3b)
21                  shall not be referable to arbitration and any approval of the
22                  Minister under this clause shall not in any way limit,
23                  prejudice or otherwise affect the exercise by the Minister of
24                  the Minister's powers, or the performance of the Minister's
25                  obligations, under this Agreement or otherwise under the
26                  laws from time to time of the said State.";
27   (4)    in clause 7 by:
28            (a)   deleting in subclause (4) "subclause (3)" and substituting
29                  "subclauses (3), (3a) and (3b)"; and
30            (b)   deleting in subclause (4a) "and (2)" and substituting ", (2),
31                  (3a) and (3b)";




                                                                            page 65
     Iron Ore Agreements Legislation Amendment Bill 2011
     Part 4         Iron Ore (Mount Bruce) Agreement Act 1972 amended

     s. 14



1       (5)    by inserting after clause 11B the following new clauses:
2              "Community development plan
3              11C.    (1)     In this clause, the term "community and social
4                              benefits" includes:
5                                  (a)   assistance with skills development and
6                                        training opportunities to promote work
7                                        readiness and employment for persons
8                                        living in the Pilbara region of the said State;
9                                 (b)    regional development activities in the
10                                       Pilbara region of the said State, including
11                                       partnerships and sponsorships;
12                                 (c)   contribution to any community projects,
13                                       town services or facilities; and
14                                (d)    a regionally based workforce.
15                       (2)   The Company acknowledges the need for community
16                             and social benefits flowing from this Agreement.
17                       (3)   The Company agrees that:
18                                 (a)   it shall prepare a plan which describes the
19                                       Company's      proposed    strategies   for
20                                       achieving community and social benefits in
21                                       connection with its activities under this
22                                       Agreement; and
23                                (b)    the Company shall, not later than 3 months
24                                       after the second variation date, submit to
25                                       the Minister the plan prepared under
26                                       paragraph (a) and confer with the Minister
27                                       in respect of the plan.
28                       (4)   The Minister shall within 2 months after receipt of a
29                             plan submitted under subclause (3)(b), either notify
30                             the Company that the Minister approves the plan as
31                             submitted or notify the Company of changes which
32                             the Minister requires be made to the plan. If the
33                             Company is unwilling to accept the changes which
34                             the Minister requires it shall notify the Minister to

     page 66
                 Iron Ore Agreements Legislation Amendment Bill 2011
     Iron Ore (Mount Bruce) Agreement Act 1972 amended        Part 4

                                                                      s. 14



1                    that effect and either party may refer to arbitration
2                    hereunder the question of the reasonableness of the
3                    changes required by the Minister.
4              (5)   The effect of an award made on an arbitration
5                    pursuant to subclause (4) shall be that the relevant
6                    plan submitted by the Company pursuant to
7                    subclause (3)(b) shall, with such changes required by
8                    the Minister under subclause (4) as the arbitrator
9                    determines to be reasonable (with or without
10                   modification by the arbitrator), be deemed to be the
11                   plan approved by the Minister under this clause.
12             (6)   At least 3 months before the anticipated submission
13                   of proposals relating to a proposed development
14                   pursuant to any of clauses 5, 11 or 20E, the Company
15                   must, unless the Minister otherwise requires, give to
16                   the Minister information about how the proposed
17                   development may affect the plan approved or deemed
18                   to be approved by the Minister under this clause.
19                   This obligation operates in relation to all proposals
20                   submitted on or after the date that is 4 months after
21                   the date when a plan is first approved or deemed to be
22                   approved under this clause.
23             (7)   The Company shall at least annually report to the
24                   Minister about the Company's implementation of the
25                   plan approved or deemed to be approved by the
26                   Minister under this clause.
27             (8)   At the request of either of them made at any time and
28                   from time to time, the Minister and the Company
29                   shall confer as to any amendments desired to any plan
30                   approved or deemed to be approved by the Minister
31                   under this clause and may agree to amendment of the
32                   plan or adoption of a new plan. Any such amended
33                   plan or new plan will be deemed to be the plan
34                   approved by the Minister under this clause in respect
35                   of the development to which it relates.




                                                                  page 67
     Iron Ore Agreements Legislation Amendment Bill 2011
     Part 4         Iron Ore (Mount Bruce) Agreement Act 1972 amended

     s. 14



1                       (9)   During the currency of this Agreement, the Company
2                             shall implement the plan approved or deemed to be
3                             approved by the Minister under this clause.
4              Local participation plan
5              11D.     (1)   In this clause, the term "local industry participation
6                             benefits" means:
7                                 (a)     the use and training of labour available
8                                         within the said State;
9                                 (b)     the use of the services of engineers,
10                                        surveyors, architects and other professional
11                                        consultants, experts, specialists, project
12                                        managers and contractors available within
13                                        the said State; and
14                                (c)     the procurement of works, materials, plant,
15                                        equipment and supplies from Western
16                                        Australian suppliers, manufacturers and
17                                        contractors.
18                      (2)   The Company acknowledges the need for local
19                            industry participation benefits flowing from this
20                            Agreement.
21                      (3)   The Company agrees that it shall, not later than
22                            3 months after the second variation date, prepare and
23                            provide to the Minister a plan which contains:
24                                (a)     a clear statement on the strategies which the
25                                        Company will use, and require a third party
26                                        as referred to in subclause (7) to use, to
27                                        maximise the uses and procurement
28                                        referred to in subclause (1);
29                                (b)     detailed information on the procurement
30                                        practices the Company will adopt, and
31                                        require a third party as referred to in
32                                        subclause (7) to adopt, in calling for tenders
33                                        and letting contracts for works, materials,
34                                        plant, equipment and supplies stages in
35                                        relation to a proposed development and

     page 68
                 Iron Ore Agreements Legislation Amendment Bill 2011
     Iron Ore (Mount Bruce) Agreement Act 1972 amended        Part 4

                                                                     s. 14



1                             how such practices will provide fair and
2                             reasonable opportunity for suitably
3                             qualified Western Australian suppliers,
4                             manufacturers and contractors to tender or
5                             quote for works, materials, plant,
6                             equipment and supplies;
7                       (c)   detailed information on the methods the
8                             Company will use, and require a third party
9                             as referred to in subclause (7) to use, to
10                            have their respective procurement officers
11                            promptly introduced to Western Australian
12                            suppliers, manufacturers and contractors
13                            seeking such introduction; and
14                      (d)   details of the communication strategies the
15                            Company will use, and require a third party
16                            as referred to in subclause (7) to use, to
17                            alert Western Australian engineers,
18                            surveyors, architects and other professional
19                            consultants, experts, specialists, project
20                            managers and consultants and Western
21                            Australian suppliers, manufacturers and
22                            contractors to services opportunities and
23                            procurement opportunities respectively as
24                            referred to in subclause (1).
25                   It is acknowledged by the Company that the strategies
26                   of the Company referred to in subclause (3)(a) will
27                   include strategies of the Company in relation to
28                   supply of services, labour, works, materials, plant,
29                   equipment or supplies for the purposes of this
30                   Agreement.
31             (4)   At the request of either of them made at any time and
32                   from time to time, the Minister and the Company
33                   shall confer as to any amendments desired to any plan
34                   provided under this clause and may agree to the
35                   amendment of the plan or the provision of a new plan
36                   in substitution for the one previously provided.




                                                                 page 69
     Iron Ore Agreements Legislation Amendment Bill 2011
     Part 4         Iron Ore (Mount Bruce) Agreement Act 1972 amended

     s. 14



1                        (5)   At least 6 months before the anticipated submission
2                              of proposals relating to a proposed development
3                              pursuant to any of clauses 5, 11 or 20E, the Company
4                              must, unless the Minister otherwise requires, give to
5                              the Minister information about the implementation of
6                              the plan provided under this clause in relation to the
7                              proposed development. This obligation operates in
8                              relation to all proposals submitted on or after the date
9                              that is 7 months after the date when a plan is first
10                             provided under this clause.
11                       (6)   During the currency of this Agreement the Company
12                             shall implement the plan provided under this clause.
13                       (7)   The Company shall:
14                                   (a)    in every contract entered into with a third
15                                          party where the third party has an
16                                          obligation or right to procure the supply of
17                                          services, labour, works, materials, plant,
18                                          equipment or supplies for or in connection
19                                          with a proposed development, ensure that
20                                          the contract contains appropriate provisions
21                                          requiring the third party to undertake
22                                          procurement activities in accordance with
23                                          the plan provided under this clause; and
24                                   (b)    use reasonable endeavours to ensure that
25                                          the third party complies with those
26                                          provisions.";
27      (6)    in clause 12(1) by:
28               (a)   deleting in paragraph (a) "allow crossing places for roads
29                     stock and other railways and also";
30               (b)   inserting after paragraph (a) the following new paragraph:
31                     "Crossings over Railway
32                     (aa)          for the purposes of livestock and infrastructure
33                                   such as roads, railways, conveyors, pipelines,
34                                   transmission lines and other utilities proposed to


     page 70
                       Iron Ore Agreements Legislation Amendment Bill 2011
           Iron Ore (Mount Bruce) Agreement Act 1972 amended        Part 4

                                                                                s. 14



1                               cross the land the subject of the Company's railway
2                               the Company shall:
3                                (i)    if applicable, give its consent to, or
4                                       otherwise facilitate the grant by the State or
5                                       any agency, instrumentality or other
6                                       authority of the State of any lease, licence
7                                       or other title over land the subject of the
8                                       Company's railway so long as such grant
9                                       does not in the Minister's opinion unduly
10                                      prejudice or interfere with the activities of
11                                      the Company under this Agreement; and
12                               (ii)   on reasonable terms and conditions allow
13                                      access for the construction and operation of
14                                      such       crossings     and      associated
15                                      infrastructure,
16                              provided that in forming his opinion under this
17                              clause, the Minister must consult with the
18                              Company;"; and
19            (c)   deleting paragraph (h)(ii) and substituting the following
20                  subparagraph:
21                  "(ii)       on fine ore sold or shipped separately as such at the
22                              rate of:
23                              (A)     5.625% of the f.o.b. value, for ore shipped
24                                      prior to or on 30 June 2012;
25                              (B)     6.5% of the f.o.b. value, for ore shipped
26                                      during the period from 1 July 2012 to
27                                      30 June 2013 (inclusive of both dates); and
28                              (C)     7.5% of the f.o.b. value, for ore shipped on
29                                      or after 1 July 2013;"; and
30   (7)    in clause 20E by:
31            (a)   deleting in subclause (1) ""LAA"             means    the   Land
32                  Administration Act 1997 (WA)";




                                                                             page 71
     Iron Ore Agreements Legislation Amendment Bill 2011
     Part 4         Iron Ore (Mount Bruce) Agreement Act 1972 amended

     s. 14



1              (b)   inserting after subclause (3)(c) the following new paragraph:
2                    "(d)       Without limiting subclause (9), the Minister may
3                               waive the requirement under this clause for the
4                               Company to obtain and to furnish the consent of a
5                               title holder if the title holder has refused to give the
6                               required consent and the Minister is satisfied that:
7                              (i)       the title holder's affected land is or was
8                                        subject to a miscellaneous licence granted
9                                        under the Mining Act 1978 for the purpose
10                                       of a railway to be constructed and
11                                       operated in accordance with this
12                                       Agreement; and
13                             (ii)      in the Minister's opinion, the title holder's
14                                       refusal to give the required consent is not
15                                       reasonable in all the circumstances
16                                       including having regard to:
17                                        (A)    the rights of the Company in
18                                               relation to the affected land as the
19                                               holders of the miscellaneous
20                                               licence, relative to their rights as
21                                               the holders of the sought Special
22                                               Railway Licence or Lateral Access
23                                               Road Licence (as the case may be);
24                                               and
25                                        (B)    the terms of any agreement
26                                               between the Company and the title
27                                               holder.";
28             (c)   deleting in subclause (4)(a) the comma after "the provisions
29                   of this Agreement" and substituting "and"; and
30             (d)   in subclause (7):
31                     (i)   deleting all words in paragraph (c) after "at the date
32                           of such inclusion"; and




     page 72
                Iron Ore Agreements Legislation Amendment Bill 2011
    Iron Ore (Mount Bruce) Agreement Act 1972 amended        Part 4

                                                                s. 14



1             (ii)   inserting after paragraph (k) the following new
2                    paragraph:
3                    "(l)   The provisions of clause 12(1)(aa) shall
4                           apply mutatis mutandis to any Railway or
5                           Railway spur line constructed pursuant to
6                           this clause.".




                                                             page 73
     Iron Ore Agreements Legislation Amendment Bill 2011
     Part 4         Iron Ore (Mount Bruce) Agreement Act 1972 amended

     s. 14



1    EXECUTED as a deed.
2

3    SIGNED by the HONOURABLE                   )
4    COLIN JAMES BARNETT                        )
5    in the presence of:                        )
6

      [Signature]                              [Signature]
      Signature of witness


      Stephen Bombardieri
      Name of witness
7    THE COMMON SEAL of MOUNT                   )
8    BRUCE MINING PTY. LIMITED                  )
9    ACN 008 714 010 was hereunto affixed       )            [C.S.]
10   by authority of the Directors in the       )
11   presence of:                               )
12

      [Signature]                              Robert Paul Shannon
      Director


      [Signature]                              Helen Fernihough
      Secretary
13




     page 74
                              Iron Ore Agreements Legislation Amendment Bill 2011
                 Iron Ore (Hope Downs) Agreement Act 1992 amended          Part 5

                                                                              s. 15



1                Part 5 -- Iron Ore (Hope Downs) Agreement
2                            Act 1992 amended
3    15.          Act amended
4                 This Part amends the Iron Ore (Hope Downs) Agreement
5                 Act 1992.

6    16.          Section 3 amended
7          (1)    In section 3 insert in alphabetical order:
8

9                       the Second Variation Agreement means the agreement
10                      a copy of which is set out in Schedule 3.
11

12         (2)    In section 3 in the definition of Agreement delete "Agreement;"
13                and insert:
14

15                Agreement and the Second Variation Agreement;
16

17         (3)    In section 3 in the definition of the First Variation Agreement
18                delete "Schedule 2." and insert:
19

20                Schedule 2;
21


22   17.          Section 4 amended
23                After section 4(2A) insert:
24

25               (2B)   The Second Variation Agreement is ratified.
26




                                                                           page 75
     Iron Ore Agreements Legislation Amendment Bill 2011
     Part 5         Iron Ore (Hope Downs) Agreement Act 1992 amended

     s. 18



1    18.       Schedule 3 inserted
2              After Schedule 2 insert:
3


4                Schedule 3 -- Second Variation Agreement
5                                                                      [s. 3]
6                                         2011
7

8                THE HONOURABLE COLIN JAMES BARNETT
9              PREMIER OF THE STATE OF WESTERN AUSTRALIA
10

11                                        AND
12

13                     HOPE DOWNS IRON ORE PTY. LTD.
14                                ACN 071 514 308
15

16                         HAMERSLEY WA PTY. LTD.
17                                ACN 115 004 138
18

19   ________________________________________________________________
20               IRON ORE (HOPE DOWNS) AGREEMENT 1992
21                 RATIFIED VARIATION AGREEMENT
22   ________________________________________________________________
23

24
25                                [Solicitor's details]



     page 76
                             Iron Ore Agreements Legislation Amendment Bill 2011
                Iron Ore (Hope Downs) Agreement Act 1992 amended          Part 5

                                                                                   s. 18



1    THIS AGREEMENT is made this 9th day of November 2011
2

3    BETWEEN
4

5    THE HONOURABLE COLIN JAMES BARNETT MLA., Premier of the
6    State of Western Australia, acting for and on behalf of the said State and
7    instrumentalities thereof from time to time (State)
8    AND
9    HOPE DOWNS IRON ORE PTY LTD ACN 071 514 308 of Level 3, Hppl
10   House, 28-42 Ventnor Avenue, West Perth, Western Australia and
11   HAMERSLEY WA PTY. LTD. ACN 115 004 138 of Level 22, Central Park,
12   152-158 St Georges Terrace, Perth, Western Australia (Joint Venturers).
13

14   RECITALS:
15   A.          The State and the Joint Venturers are now the parties to the agreement
16               dated 30 November 1992 ratified by and scheduled to the Iron Ore
17               (Hope Downs) Agreement Act 1992 and which as subsequently added
18               to, varied or amended is referred to in this Agreement as the
19               "Principal Agreement".
20   B.          The State and the Joint Venturers wish to vary the Principal
21               Agreement.
22

23   THE PARTIES AGREE AS FOLLOWS:
24   1.          Interpretation
25               Subject to the context, the words and expressions used in this
26               Agreement have the same meanings respectively as they have in and
27               for the purpose of the Principal Agreement.
28   2.          Ratification and Operation
29        (1)    The State shall introduce and sponsor a Bill in the State Parliament of
30               Western Australia prior to 31 December 2011 or such later date as


                                                                               page 77
     Iron Ore Agreements Legislation Amendment Bill 2011
     Part 5         Iron Ore (Hope Downs) Agreement Act 1992 amended

     s. 18



1               may be agreed between the parties hereto to ratify this Agreement.
2               The State shall endeavour to secure the timely passage of such Bill as
3               an Act.
4         (2)   The provisions of this Agreement other than this clause and clause 1
5               will not come into operation until the day after the day on which the
6               Bill referred to in subclause (1) has been passed by the State
7               Parliament of Western Australia and commences to operate as an Act.
8         (3)   If by 30 June 2012 the said Bill has not commenced to operate as an
9               Act then, unless the parties hereto otherwise agree, this Agreement
10              will then cease and determine and no party hereto will have any claim
11              against any other party hereto with respect to any matter or thing
12              arising out of, done, performed, or omitted to be done or performed
13              under this Agreement.
14        (4)   On the day after the day on which the said Bill commences to operate
15              as an Act all the provisions of this Agreement will operate and take
16              effect despite any enactment or other law.
17   3.         Variation of Principal Agreement
18        The Principal Agreement is varied as follows:
19        (1)   in clause 1 by inserting in the appropriate alphabetical positions the
20              following new definitions:
21              "Eligible Existing Tenure" means:
22                (a)   (i)     a miscellaneous licence or general purpose lease
23                              granted to the Company under the Mining Act 1978;
24                              or
25                      (ii)    a lease or easement granted to the Company under the
26                              LAA,
27                      and not clearly, to the satisfaction of the Minister, granted
28                      under or pursuant to or held pursuant to this Agreement; or
29                (b)   an application by the Company for the grant to it of a
30                      tenement referred to in paragraph (a)(i) (which application
31                      has not clearly, to the satisfaction of the Minister, been made
32                      under or pursuant to this Agreement) and as the context
33                      requires the tenement granted pursuant to such an application,


     page 78
                        Iron Ore Agreements Legislation Amendment Bill 2011
           Iron Ore (Hope Downs) Agreement Act 1992 amended          Part 5

                                                                                s. 18



1           where that tenure was granted or that application was made (as the
2           case may be) on or before 1 October 2011;
3           "LAA" means the Land Administration Act 1997 (WA);
4           "Relevant Land", in relation to Eligible Existing Tenure or Special
5           Advance Tenure, means the land which is the subject of that Eligible
6           Existing Tenure or Special Advance Tenure, as the case may be;
7           "second variation date" means the date on which clause 3 of the
8           variation agreement made on or about 7 November 2011 between the
9           State and the Company comes into operation;
10          "Special Advance Tenure" means:
11            (a)   a miscellaneous licence or general purpose lease requested
12                  under Clause 23(2c) to be granted to the Company under the
13                  Mining Act 1978; or
14            (b)   an easement or a lease requested under Clause 23(2c) to be
15                  granted to the Company under the LAA,
16          and as the context requires such tenure if granted;
17   (2)    in clause 2(e) by inserting after "for the time being in force
18          thereunder" the words "(and for the avoidance of doubt this principle,
19          subject to the context and without limitation to its application to other
20          Acts, may apply in respect of references to the Land Act
21          notwithstanding references in this Agreement to the LAA)";
22   (3)    by inserting after clause 10B the following new clauses:
23          "Community development plan
24          10C.      (1)   In this Clause, the term "community and social
25                          benefits" includes:
26                              (a)    assistance with skills development and
27                                     training opportunities to promote work
28                                     readiness and employment for persons
29                                     living in the Pilbara region of the said State;
30                              (b)    regional development activities in the
31                                     Pilbara region of the said State, including
32                                     partnerships and sponsorships;


                                                                             page 79
     Iron Ore Agreements Legislation Amendment Bill 2011
     Part 5         Iron Ore (Hope Downs) Agreement Act 1992 amended

     s. 18



1                              (c)   contribution to any community projects,
2                                    town services or facilities; and
3                              (d)   a regionally based workforce.
4                     (2)   The Company acknowledges the need for community
5                           and social benefits flowing from this Agreement.
6                     (3)   The Company agrees that:
7                              (a)   it shall prepare a plan which describes the
8                                    Company's      proposed    strategies   for
9                                    achieving community and social benefits in
10                                   connection with its activities under this
11                                   Agreement; and
12                             (b)   the Company shall, not later than 3 months
13                                   after the second variation date, submit to
14                                   the Minister the plan prepared under
15                                   paragraph (a) and confer with the Minister
16                                   in respect of the plan.
17                    (4)   The Minister shall within 2 months after receipt of a
18                          plan submitted under subclause (3)(b), either notify
19                          the Company that the Minister approves the plan as
20                          submitted or notify the Company of changes which
21                          the Minister requires be made to the plan. If the
22                          Company is unwilling to accept the changes which
23                          the Minister requires it shall notify the Minister to
24                          that effect and either party may refer to arbitration
25                          hereunder the question of the reasonableness of the
26                          changes required by the Minister.
27                    (5)   The effect of an award made on an arbitration
28                          pursuant to subclause (4) shall be that the relevant
29                          plan submitted by the Company pursuant to
30                          subclause (3)(b) shall, with such changes required by
31                          the Minister under subclause (4) as the arbitrator
32                          determines to be reasonable (with or without
33                          modification by the arbitrator), be deemed to be the
34                          plan approved by the Minister under this Clause.




     page 80
                  Iron Ore Agreements Legislation Amendment Bill 2011
     Iron Ore (Hope Downs) Agreement Act 1992 amended          Part 5

                                                                        s. 18



1              (6)   At least 3 months before the anticipated submission
2                    of proposals relating to a proposed development
3                    pursuant to any of Clauses 10, 11, 15, 15C and 27 the
4                    Company must, unless the Minister otherwise
5                    requires, give to the Minister information about how
6                    the proposed development may affect the plan
7                    approved or deemed to be approved by the Minister
8                    under this Clause. This obligation operates in
9                    relation to all proposals submitted on or after the date
10                   that is 4 months after the date when a plan is first
11                   approved or deemed to be approved under this
12                   Clause.
13             (7)   The Company shall at least annually report to the
14                   Minister about the Company's implementation of the
15                   plan approved or deemed to be approved by the
16                   Minister under this Clause.
17             (8)   At the request of either of them made at any time and
18                   from time to time, the Minister and the Company
19                   shall confer as to any amendments desired to any plan
20                   approved or deemed to be approved by the Minister
21                   under this Clause and may agree to amendment of the
22                   plan or adoption of a new plan. Any such amended
23                   plan or new plan will be deemed to be the plan
24                   approved by the Minister under this Clause in respect
25                   of the development to which it relates.
26             (9)   During the currency of this Agreement, the Company
27                   shall implement the plan approved or deemed to be
28                   approved by the Minister under this Clause.
29    Local participation plan
30    10D.    (1)    In this Clause, the term "local industry participation
31                   benefits" means:
32                       (a)     the use and training of labour available
33                               within the said State;
34                       (b)     the use of the services of engineers,
35                               surveyors, architects and other professional
36                               consultants, experts, specialists, project


                                                                    page 81
     Iron Ore Agreements Legislation Amendment Bill 2011
     Part 5         Iron Ore (Hope Downs) Agreement Act 1992 amended

     s. 18



1                                    managers and contractors available within
2                                    the said State; and
3                              (c)   the procurement of works, materials, plant,
4                                    equipment and supplies from Western
5                                    Australian suppliers, manufacturers and
6                                    contractors.
7                    (2)   The Company acknowledges the need for local
8                          industry participation benefits flowing from this
9                          Agreement.
10                   (3)   The Company agrees that it shall, not later than
11                         3 months after the second variation date, prepare and
12                         provide to the Minister a plan which contains:
13                             (a)   a clear statement on the strategies which the
14                                   Company will use, and require a third party
15                                   as referred to in subclause (7) to use, to
16                                   maximise the uses and procurement
17                                   referred to in subclause (1);
18                             (b)   detailed information on the procurement
19                                   practices the Company will adopt, and
20                                   require a third party as referred to in
21                                   subclause (7) to adopt, in calling for tenders
22                                   and letting contracts for works, materials,
23                                   plant, equipment and supplies stages in
24                                   relation to a proposed development and
25                                   how such practices will provide fair and
26                                   reasonable opportunity for suitably
27                                   qualified Western Australian suppliers,
28                                   manufacturers and contractors to tender or
29                                   quote for works, materials, plant,
30                                   equipment and supplies;
31                             (c)   detailed information on the methods the
32                                   Company will use, and require a third party
33                                   as referred to in subclause (7) to use, to
34                                   have its respective procurement officers
35                                   promptly introduced to Western Australian
36                                   suppliers, manufacturers and contractors
37                                   seeking such introduction; and

     page 82
                  Iron Ore Agreements Legislation Amendment Bill 2011
     Iron Ore (Hope Downs) Agreement Act 1992 amended          Part 5

                                                                     s. 18



1                       (d)   details of the communication strategies the
2                             Company will use, and require a third party
3                             as referred to in subclause (7) to use, to
4                             alert Western Australian engineers,
5                             surveyors, architects and other professional
6                             consultants, experts, specialists, project
7                             managers and consultants and Western
8                             Australian suppliers, manufacturers and
9                             contractors to services opportunities and
10                            procurement opportunities respectively as
11                            referred to in subclause (1).
12                   It is acknowledged by the Company that the strategies
13                   of the Company referred to in subclause (3)(a) will
14                   include strategies of the Company in relation to
15                   supply of services, labour, works, materials, plant,
16                   equipment or supplies for the purposes of this
17                   Agreement.
18             (4)   At the request of either of them made at any time and
19                   from time to time, the Minister and the Company
20                   shall confer as to any amendments desired to any plan
21                   provided under this clause and may agree to the
22                   amendment of the plan or the provision of a new plan
23                   in substitution for the one previously provided.
24             (5)   At least 6 months before the anticipated submission
25                   of proposals relating to a proposed development
26                   pursuant to any of Clauses 10, 11, 15, 15C and 27,
27                   the Company must, unless the Minister otherwise
28                   requires, give to the Minister information about the
29                   implementation of the plan provided under this
30                   Clause in relation to the proposed development. This
31                   obligation operates in relation to all proposals
32                   submitted on or after the date that is 7 months after
33                   the date when a plan is first provided under this
34                   Clause.
35             (6)   During the currency of this Agreement the Company
36                   shall implement the plan provided under this Clause.




                                                                 page 83
     Iron Ore Agreements Legislation Amendment Bill 2011
     Part 5         Iron Ore (Hope Downs) Agreement Act 1992 amended

     s. 18



1                        (7)   The Company shall:
2                                  (a)   in every contract entered into with a third
3                                        party where the third party has an
4                                        obligation or right to procure the supply of
5                                        services, labour, works, materials, plant,
6                                        equipment or supplies for or in connection
7                                        with a proposed development, ensure that
8                                        the contract contains appropriate provisions
9                                        requiring the third party to undertake
10                                       procurement activities in accordance with
11                                       the plan provided under this Clause; and

12                                 (b)   use reasonable endeavours to ensure that
13                                       the third party complies with those
14                                       provisions.";

15      (4)    by deleting clause 13(1)(ii) and substituting the following paragraph:
16             "(ii)   on fine ore sold or shipped separately as such at the rate of:

17                      (A)    5.625% of the f.o.b. value, for ore shipped prior to or
18                             on 30 June 2012;

19                       (B)   6.5% of the f.o.b. value, for ore shipped during the
20                             period from 1 July 2012 to 30 June 2013 (inclusive of
21                             both dates); and

22                       (C)   7.5% of the f.o.b. value, for ore shipped on or after
23                             1 July 2013;

24      (5)    in clause 15C by:

25               (a)   deleting in subclause (1) ""LAA"            means    the   Land
26                     Administration Act 1997 (WA)";

27               (b)   inserting after subclause (3)(c) the following new paragraph:

28                     "(d)    Without limiting subclause (9), the Minister may
29                             waive the requirement under this Clause for the
30                             Company to obtain and to furnish the consent of a



     page 84
                  Iron Ore Agreements Legislation Amendment Bill 2011
     Iron Ore (Hope Downs) Agreement Act 1992 amended          Part 5

                                                                           s. 18



1                     title holder if the title holder has refused to give the
2                     required consent and the Minister is satisfied that:
3                            (i)   the title holder's affected land is or was
4                                  subject to a miscellaneous licence granted
5                                  under the Mining Act 1978 for the purpose
6                                  of a railway to be constructed and operated
7                                  in accordance with this Agreement; and
8                        (ii)      in the Minister's opinion, the title holder's
9                                  refusal to give the required consent is not
10                                 reasonable in all the circumstances
11                                 including having regard to:
12                                   (A)   the rights of the Company in
13                                         relation to the affected land as the
14                                         holder of the miscellaneous
15                                         licence, relative to its rights as the
16                                         holder of the sought Special
17                                         Railway Licence or Lateral Access
18                                         Road Licence (as the case may be);
19                                         and
20                                   (B)   the terms of any agreement
21                                         between the Company and the title
22                                         holder.";
23      (c)   deleting in subclause (4)(a) the comma after "the provisions
24            of this Agreement" and substituting "and"; and
25      (d)   in subclause (7):
26              (i)   deleting all words in paragraph (c) after "at the date
27                    of such inclusion"; and
28             (ii)   inserting after paragraph (k) the following new
29                    paragraph:
30                    "(l)         The provisions of clause 24(2a) shall apply
31                                 mutatis mutandis to any Railway or
32                                 Railway spur line constructed pursuant to
33                                 this Clause.";




                                                                        page 85
     Iron Ore Agreements Legislation Amendment Bill 2011
     Part 5         Iron Ore (Hope Downs) Agreement Act 1992 amended

     s. 18



1       (6)    in clause 23 by:
2                (a)   inserting at the end of subclause (1) the following new
3                      paragraph:
4                      "Notwithstanding Clause 15A(2)(b)(iv), detailed proposals
5                      may refer to activities on tenure which is proposed to be
6                      granted pursuant to this subclause (1) as if that tenure was
7                      granted pursuant to this Agreement (but this does not limit
8                      the powers or discretions of the Minister under this
9                      Agreement or the Minister responsible for the administration
10                     of any relevant Act with respect to the grant of the tenure).";
11               (b)   in subclause (2), inserting after "The provisions of this
12                     subclause" the words "and subclauses (2b) and (2c)";
13               (c)   in subclause (2a), deleting "subclause (1)" and substituting
14                     "subclauses (1), (2b) and (2c)"; and
15               (d)   inserting after subclause (2a) the following new subclauses:
16                     "Application for Eligible Existing Tenure to be held
17                     pursuant to this Agreement
18                      (2b)      (a)    The Minister may at the request of the
19                                       Company from time to time made during
20                                       the continuance of this Agreement approve
21                                       Eligible Existing Tenure becoming held
22                                       pursuant to this Agreement          on such
23                                       conditions as the Minister sees fit
24                                       (including,    without     limitation   and
25                                       notwithstanding the Mining Act 1978 and
26                                       the LAA, as to the surrender of land, the
27                                       submission of detailed proposals and the
28                                       variation of the terms and conditions of the
29                                       Eligible Existing Tenure (including for the
30                                       Eligible Existing Tenure to be held
31                                       pursuant to this Agreement and for the
32                                       more efficient use of the Relevant Land))
33                                       and the Minister may from time to time
34                                       vary such conditions in order to extend any
35                                       specified time for the doing of any thing or



     page 86
                  Iron Ore Agreements Legislation Amendment Bill 2011
     Iron Ore (Hope Downs) Agreement Act 1992 amended          Part 5

                                                                       s. 18



1                             otherwise with the agreement of the
2                             Company.
3                       (b)   Eligible Existing Tenure the subject of an
4                             approval by the Minister under this
5                             subclause will be held by the Company
6                             pursuant to this Agreement:
7                                (i)   if the Minister's approval was not
8                                      given subject to conditions, on and
9                                      from the date of the Minister's
10                                     notice of approval;
11                              (ii)   unless paragraph (iii) applies, if the
12                                     Minister's approval was given
13                                     subject to conditions, on the date
14                                     on which all such conditions have
15                                     been satisfied; and
16                             (iii)   if the Minister's approval was
17                                     given subject to a condition
18                                     requiring that the Company submit
19                                     detailed proposals in accordance
20                                     with this Agreement, on the later
21                                     of the date on which the Minister
22                                     approves proposals submitted in
23                                     discharge of that specified
24                                     condition and the date upon which
25                                     all other specified conditions have
26                                     been satisfied, but the Company is
27                                     authorised to implement any
28                                     approved proposal to the extent
29                                     such implementation is consistent
30                                     with the then terms and conditions
31                                     of the Eligible Existing Tenure
32                                     pending the satisfaction of any
33                                     conditions relating to the variation
34                                     of the terms or conditions of the
35                                     Eligible Existing Tenure. Where
36                                     this paragraph (iii) applies, prior to
37                                     any approval of proposals and
38                                     satisfaction of other conditions, the


                                                                    page 87
     Iron Ore Agreements Legislation Amendment Bill 2011
     Part 5         Iron Ore (Hope Downs) Agreement Act 1992 amended

     s. 18



1                                             relevant tenure will be treated for
2                                             (but only for) the purposes of
3                                             clause 15A(2)(b)(iv) as tenure held
4                                             pursuant to this Agreement.
5                   Application for Special Advance Tenure to be granted
6                   pursuant to this Agreement
7                    (2c)   The Minister may at the request of the Company from
8                           time to time made during the continuance of this
9                           Agreement approve Special Advance Tenure being
10                          granted to the Company pursuant to this Agreement
11                          if:
12                             (a)   the Company proposes to submit detailed
13                                   proposals under this Agreement (other than
14                                   under Clause 15C) to construct works
15                                   installations or facilities on the Relevant
16                                   Land and the Company's request is so far as
17                                   is practicable made, unless the Minister
18                                   approves otherwise, no less than 6 months
19                                   before the submission of those detailed
20                                   proposals; and
21                             (b)   the Minister is satisfied that it is necessary
22                                   and appropriate that Special Advance
23                                   Tenure, rather than tenure granted under or
24                                   pursuant to the other provisions of this
25                                   Agreement, be used for the purposes of the
26                                   proposed works installations or facilities on
27                                   the Relevant Land,
28                          and if the Minister does so approve:
29                             (c)   notwithstanding the Mining Act 1978 or the
30                                   LAA, the appropriate authority or
31                                   instrumentality of the State shall obtain the
32                                   consent of the Minister to the form and
33                                   substance of the Special Advance Tenure
34                                   prior to its grant (which for the avoidance
35                                   of doubt neither the State nor the Minister
36                                   is obliged to cause) to the Company; and


     page 88
                        Iron Ore Agreements Legislation Amendment Bill 2011
           Iron Ore (Hope Downs) Agreement Act 1992 amended          Part 5

                                                                                 s. 18



1                                 (d)    if the Company does not submit detailed
2                                        proposals relating to construction of the
3                                        relevant works installations or facilities on
4                                        the Relevant Land within 24 months after
5                                        the date of the Minister's approval or such
6                                        later time subsequently allowed by the
7                                        Minister, or if submitted the Minister does
8                                        not approve such detailed proposals, the
9                                        Special Advance Tenure (if then granted)
10                                       shall be surrendered at the request of the
11                                       Minister.
12                   (2d)      The decisions of the Minister under subclauses (2b)
13                             and (2c) shall not be referable to arbitration and any
14                             approval of the Minister under this Clause shall not in
15                             any way limit, prejudice or otherwise affect the
16                             exercise by the Minister of the Minister's powers, or
17                             the performance of the Minister's obligations, under
18                             this Agreement or otherwise under the laws from time
19                             to time of the said State."; and
20   (7)    in clause 24 by:
21            (a)   deleting in subclause (2) all words after "other railways
22                  which now exist"; and
23            (b)   inserting after subclause (2) the following new subclause:
24                  "Crossings over Railway
25                  (2a)       For the purposes of livestock and infrastructure such
26                             as roads, railways, conveyors, pipelines, transmission
27                             lines and other utilities proposed to cross the land the
28                             subject of the said railway the Company shall:
29                                 (i)   if applicable, give its consent to, or
30                                       otherwise facilitate the grant by the State or
31                                       any agency, instrumentality or other
32                                       authority of the State of any lease, licence
33                                       or other title over land the subject of the
34                                       said railway so long as such grant does not
35                                       in the Minister's opinion unduly prejudice



                                                                              page 89
    Iron Ore Agreements Legislation Amendment Bill 2011
    Part 5         Iron Ore (Hope Downs) Agreement Act 1992 amended

    s. 18



1                                   or interfere with the activities of the
2                                   Company under this Agreement; and
3                            (ii)   on reasonable terms and conditions allow
4                                   access for the construction and operation of
5                                   such       crossings     and      associated
6                                   infrastructure,
7                         provided that in forming his opinion under this
8                         clause, the Minister must consult with the
9                         Company.".




    page 90
                         Iron Ore Agreements Legislation Amendment Bill 2011
            Iron Ore (Hope Downs) Agreement Act 1992 amended          Part 5

                                                                        s. 18



1    EXECUTED as a deed.
2

3    SIGNED by the HONOURABLE                   )
4    COLIN JAMES BARNETT                        )
5    in the presence of:                        )
6

      [Signature]                              [Signature]
      Signature of witness


      Stephen Bombardieri
      Name of witness
7

8    THE COMMON SEAL of HOPE                    )
9    DOWNS IRON ORE PTY. LTD.                   )
10   ACN 071 514 308 was hereunto affixed       )            [C.S.]
11   in accordance with its constitution        )
12   in the presence of:                        )
13

      [Signature]                              Tadeusz J Watroba
      Director


      [Signature]                              Jay Newby
      Secretary
14




                                                                      page 91
    Iron Ore Agreements Legislation Amendment Bill 2011
    Part 5         Iron Ore (Hope Downs) Agreement Act 1992 amended

    s. 18



1   THE COMMON SEAL of                                   )
2   HAMERSLEY WA PTY. LTD.                               )         [C.S.]
3   ACN 115 004 138 was hereunto affixed                 )
4   by authority of the Directors in the presence of:    )
5

     [Signature]                                        Robert Paul Shannon
     Director


     [Signature]                                        Helen Fernihough
     Secretary
6




    page 92
                              Iron Ore Agreements Legislation Amendment Bill 2011
                 Iron Ore (Yandicoogina) Agreement Act 1996 amended        Part 6

                                                                               s. 19



1                Part 6 -- Iron Ore (Yandicoogina) Agreement
2                            Act 1996 amended
3    19.           Act amended
4                  This Part amends the Iron Ore (Yandicoogina) Agreement
5                  Act 1996.

6    20.           Section 3 amended
7          (1)     In section 3 insert in alphabetical order:
8

9                        the Second Variation Agreement means the agreement
10                       a copy of which is set out in Schedule 3.
11

12         (2)     In section 3 in the definition of Agreement delete "Agreement;"
13                 and insert:
14

15                 Agreement and the Second Variation Agreement;
16

17         (3)     In section 3 in the definition of the First Variation Agreement
18                 delete "Schedule 2." and insert:
19

20                 Schedule 2;
21


22   21.           Section 4 amended
23                 After section 4(2A) insert:
24

25               (2B)    The Second Variation Agreement is ratified.
26




                                                                            page 93
     Iron Ore Agreements Legislation Amendment Bill 2011
     Part 6         Iron Ore (Yandicoogina) Agreement Act 1996 amended

     s. 22



1    22.       Schedule 3 inserted
2              After Schedule 2 insert:
3


4                Schedule 3 -- Second Variation Agreement
5                                                                        [s. 3]
6                                         2011

7                THE HONOURABLE COLIN JAMES BARNETT
8              PREMIER OF THE STATE OF WESTERN AUSTRALIA

9                                         AND

10                 HAMERSLEY IRON-YANDI PTY. LIMITED
11                                ACN 009 181 793

12                                        AND

13                     HAMERSLEY IRON PTY. LIMITED
14                                ACN 004 558 276

15   ________________________________________________________________
16              IRON ORE (YANDICOOGINA) AGREEMENT 1996
17                 RATIFIED VARIATION AGREEMENT
18   ________________________________________________________________
19

20

21

22

23                                [Solicitor's details]

     page 94
                        Iron Ore Agreements Legislation Amendment Bill 2011
           Iron Ore (Yandicoogina) Agreement Act 1996 amended        Part 6

                                                                          s. 22



1    THIS AGREEMENT is made this 7th day of November 2011
2

3    BETWEEN
4

5    THE HONOURABLE COLIN JAMES BARNETT MLA., Premier of the
6    State of Western Australia, acting for and on behalf of the said State and
7    instrumentalities thereof from time to time (State)
8    AND
9    HAMERSLEY IRON-YANDI PTY. LIMITED ACN 009 181 793 of Level
10   22, Central Park, 152-158 St Georges Terrace, Perth, Western Australia
11   (Company)
12   AND
13   HAMERSLEY IRON PTY. LIMITED ACN 004 558 276 of Level 22,
14   Central Park, 152-158 St Georges Terrace, Perth, Western Australia
15   (Hamersley).
16

17   RECITALS:
18   A.       The State, the Company and Hamersley are the parties to the
19            agreement dated 22 October 1996 ratified by and scheduled to the
20            Iron Ore (Yandicoogina) Agreement Act 1996 and which as
21            subsequently added to, varied or amended is referred to in this
22            Agreement as the "Principal Agreement".
23   B.       The State, the Company and Hamersley wish to vary the Principal
24            Agreement.
25

26   THE PARTIES AGREE AS FOLLOWS:
27   1.       Interpretation
28            Subject to the context, the words and expressions used in this
29            Agreement have the same meanings respectively as they have in and
30            for the purpose of the Principal Agreement.


                                                                       page 95
     Iron Ore Agreements Legislation Amendment Bill 2011
     Part 6         Iron Ore (Yandicoogina) Agreement Act 1996 amended

     s. 22



1    2.         Ratification and Operation
2         (1)   The State shall introduce and sponsor a Bill in the State Parliament of
3               Western Australia prior to 31 December 2011 or such later date as
4               may be agreed between the parties hereto to ratify this Agreement.
5               The State shall endeavour to secure the timely passage of such Bill as
6               an Act.
7         (2)   The provisions of this Agreement other than this clause and clause 1
8               will not come into operation until the day after the day on which the
9               Bill referred to in subclause (1) has been passed by the State
10              Parliament of Western Australia and commences to operate as an Act.
11        (3)   If by 30 June 2012 the said Bill has not commenced to operate as an
12              Act then, unless the parties hereto otherwise agree, this Agreement
13              will then cease and determine and no party hereto will have any claim
14              against any other party hereto with respect to any matter or thing
15              arising out of, done, performed, or omitted to be done or performed
16              under this Agreement.
17        (4)   On the day after the day on which the said Bill commences to operate
18              as an Act all the provisions of this Agreement will operate and take
19              effect despite any enactment or other law.
20   3.         Variation of Principal Agreement
21        The Principal Agreement is varied as follows:
22        (1)   in clause 1 by inserting in the appropriate alphabetical positions the
23              following new definitions:
24              "Eligible Existing Tenure" means:
25              (a)     (i)     a miscellaneous licence or general purpose lease
26                              granted to the Company under the Mining Act; or
27                      (ii)    a lease or easement granted to the Company under the
28                              LAA,
29                      and not clearly, to the satisfaction of the Minister, granted
30                      under or pursuant to or held pursuant to this Agreement; or
31              (b)     an application by the Company for the grant to it of a
32                      tenement referred to in paragraph (a)(i) (which application
33                      has not clearly, to the satisfaction of the Minister, been made

     page 96
                        Iron Ore Agreements Legislation Amendment Bill 2011
           Iron Ore (Yandicoogina) Agreement Act 1996 amended        Part 6

                                                                                s. 22



1                    under or pursuant to this Agreement) and as the context
2                    requires the tenement granted pursuant to such an
3                    application,
4           where that tenure was granted or that application was made (as the
5           case may be) on or before 1 October 2011;
6           "LAA" means the Land Administration Act 1997 (WA);
7           "Mount Bruce Agreement" means the agreement ratified by and
8           scheduled to the Iron Ore (Mount Bruce) Agreement Act 1972, as
9           from time to time added to, varied or amended;
10          "Mount Bruce Agreement Minister" means the Minister in the
11          Government of the State for the time being responsible for the Iron
12          Ore (Mount Bruce) Agreement Act 1972;
13          "Relevant Land", in relation to Eligible Existing Tenure or Special
14          Advance Tenure, means the land which is the subject of that Eligible
15          Existing Tenure or Special Advance Tenure, as the case may be;
16          "second variation date" means the date on which clause 3 of the
17          variation agreement made on or about 7 November 2011 between the
18          State, the Company and Hamersley comes into operation;
19          "Special Advance Tenure" means:
20             (a)   a miscellaneous licence or general purpose lease requested
21                   under clause 21(2b) to be granted to the Company under the
22                   Mining Act; or
23             (b)   an easement or a lease requested under clause 21(2b) to be
24                   granted to the Company under the LAA,
25           and as the context requires such tenure if granted;
26   (2)     in clause 2(1) by inserting after "and the regulations for the time being
27           in force thereunder" in paragraph (f) "(and for the avoidance of doubt
28           this principle, subject to the context and without limitation to its
29           application to other Acts, may apply in respect of references to the
30           Land Act notwithstanding references in this Agreement to the LAA)";




                                                                             page 97
     Iron Ore Agreements Legislation Amendment Bill 2011
     Part 6         Iron Ore (Yandicoogina) Agreement Act 1996 amended

     s. 22



1       (3)    by inserting after clause 9B the following new clauses:
2              "Community development plan
3              9C.       (1)   In this clause, the term "community and social
4                              benefits" includes:
5                                  (a)   assistance with skills development and
6                                        training opportunities to promote work
7                                        readiness and employment for persons
8                                        living in the Pilbara region of the said State;
9                                  (b)   regional development activities in the
10                                       Pilbara region of the said State, including
11                                       partnerships and sponsorships;
12                                 (c)   contribution to any community projects,
13                                       town services or facilities; and
14                                 (d)   a regionally based workforce.
15                       (2)   The Company acknowledges the need for community
16                             and social benefits flowing from this Agreement.
17                       (3)   The Company agrees that:
18                                 (a)   it shall prepare a plan which describes the
19                                       Company's      proposed    strategies   for
20                                       achieving community and social benefits in
21                                       connection with its activities under this
22                                       Agreement; and
23                                 (b)   the Company shall, not later than 3 months
24                                       after the second variation date, submit to
25                                       the Minister the plan prepared under
26                                       paragraph (a) and confer with the Minister
27                                       in respect of the plan.
28                       (4)   The Minister shall within 2 months after receipt of a
29                             plan submitted under subclause (3)(b), either notify
30                             the Company that the Minister approves the plan as
31                             submitted or notify the Company of changes which
32                             the Minister requires be made to the plan. If the
33                             Company is unwilling to accept the changes which
34                             the Minister requires it shall notify the Minister to

     page 98
                  Iron Ore Agreements Legislation Amendment Bill 2011
     Iron Ore (Yandicoogina) Agreement Act 1996 amended        Part 6

                                                                        s. 22



1                     that effect and either party may refer to arbitration
2                     hereunder the question of the reasonableness of the
3                     changes required by the Minister.
4               (5)   The effect of an award made on an arbitration
5                     pursuant to subclause (4) shall be that the relevant
6                     plan submitted by the Company pursuant to
7                     subclause (3)(b) shall, with such changes required by
8                     the Minister under subclause (4) as the arbitrator
9                     determines to be reasonable (with or without
10                    modification by the arbitrator), be deemed to be the
11                    plan approved by the Minister under this clause.
12              (6)   At least 3 months before the anticipated submission
13                    of proposals relating to a proposed development
14                    pursuant to any of clauses 9, 10, 12C or 23, the
15                    Company must, unless the Minister otherwise
16                    requires, give to the Minister information about how
17                    the proposed development may affect the plan
18                    approved or deemed to be approved by the Minister
19                    under this clause. This obligation operates in relation
20                    to all proposals submitted on or after the date that is
21                    4 months after the date when a plan is first approved
22                    or deemed to be approved under this clause.
23              (7)   The Company shall at least annually report to the
24                    Minister about the Company's implementation of the
25                    plan approved or deemed to be approved by the
26                    Minister under this clause.
27              (8)   At the request of either of them made at any time and
28                    from time to time, the Minister and the Company
29                    shall confer as to any amendments desired to any plan
30                    approved or deemed to be approved by the Minister
31                    under this clause and may agree to amendment of the
32                    plan or adoption of a new plan. Any such amended
33                    plan or new plan will be deemed to be the plan
34                    approved by the Minister under this clause in respect
35                    of the development to which it relates.




                                                                    page 99
     Iron Ore Agreements Legislation Amendment Bill 2011
     Part 6         Iron Ore (Yandicoogina) Agreement Act 1996 amended

     s. 22



1                        (9)   During the currency of this Agreement, the Company
2                              shall implement the plan approved or deemed to be
3                              approved by the Minister under this clause.
4               Local participation plan
5               9D.      (1)   In this clause, the term "local industry participation
6                              benefits" means:
7                                 (a)      the use and training of labour available
8                                          within the said State;
9                                 (b)      the use of the services of engineers,
10                                         surveyors, architects and other professional
11                                         consultants, experts, specialists, project
12                                         managers and contractors available within
13                                         the said State; and
14                                (c)      the procurement of works, materials, plant,
15                                         equipment and supplies from Western
16                                         Australian suppliers, manufacturers and
17                                         contractors.
18                       (2)   The Company acknowledges the need for local
19                             industry participation benefits flowing from this
20                             Agreement.
21                       (3)   The Company agrees that it shall, not later than
22                             3 months after the second variation date, prepare and
23                             provide to the Minister a plan which contains:
24                                (a)      a clear statement on the strategies which the
25                                         Company will use, and require a third party
26                                         as referred to in subclause (7) to use, to
27                                         maximise the uses and procurement
28                                         referred to in subclause (1);
29                                (b)      detailed information on the procurement
30                                         practices the Company will adopt, and
31                                         require a third party as referred to in
32                                         subclause (7) to adopt, in calling for tenders
33                                         and letting contracts for works, materials,
34                                         plant, equipment and supplies stages in
35                                         relation to a proposed development and

     page 100
                  Iron Ore Agreements Legislation Amendment Bill 2011
     Iron Ore (Yandicoogina) Agreement Act 1996 amended        Part 6

                                                                      s. 22



1                              how such practices will provide fair and
2                              reasonable opportunity for suitably
3                              qualified Western Australian suppliers,
4                              manufacturers and contractors to tender or
5                              quote for works, materials, plant,
6                              equipment and supplies;
7                        (c)   detailed information on the methods the
8                              Company will use, and require a third party
9                              as referred to in subclause (7) to use, to
10                             have their respective procurement officers
11                             promptly introduced to Western Australian
12                             suppliers, manufacturers and contractors
13                             seeking such introduction; and
14                       (d)   details of the communication strategies the
15                             Company will use, and require a third party
16                             as referred to in subclause (7) to use, to
17                             alert Western Australian engineers,
18                             surveyors, architects and other professional
19                             consultants, experts, specialists, project
20                             managers and consultants and Western
21                             Australian suppliers, manufacturers and
22                             contractors to services opportunities and
23                             procurement opportunities respectively as
24                             referred to in subclause (1).
25                    It is acknowledged by the Company that the strategies
26                    of the Company referred to in subclause (3)(a) will
27                    include strategies of the Company in relation to
28                    supply of services, labour, works, materials, plant,
29                    equipment or supplies for the purposes of this
30                    Agreement.
31              (4)   At the request of either of them made at any time and
32                    from time to time, the Minister and the Company
33                    shall confer as to any amendments desired to any plan
34                    provided under this clause and may agree to the
35                    amendment of the plan or the provision of a new plan
36                    in substitution for the one previously provided.




                                                                 page 101
     Iron Ore Agreements Legislation Amendment Bill 2011
     Part 6         Iron Ore (Yandicoogina) Agreement Act 1996 amended

     s. 22



1                        (5)    At least 6 months before the anticipated submission
2                               of proposals relating to a proposed development
3                               pursuant to any of clauses 9, 10, 12C or 23, the
4                               Company must, unless the Minister otherwise
5                               requires, give to the Minister information about the
6                               implementation of the plan provided under this clause
7                               in relation to the proposed development. This
8                               obligation operates in relation to all proposals
9                               submitted on or after the date that is 7 months after
10                              the date when a plan is first provided under this
11                              clause.
12                       (6)    During the currency of this Agreement the Company
13                              shall implement the plan provided under this clause.
14                       (7)    The Company shall:
15                                 (a)    in every contract entered into with a third
16                                        party where the third party has an
17                                        obligation or right to procure the supply of
18                                        services, labour, works, materials, plant,
19                                        equipment or supplies for or in connection
20                                        with a proposed development, ensure that
21                                        the contract contains appropriate provisions
22                                        requiring the third party to undertake
23                                        procurement activities in accordance with
24                                        the plan provided under this clause; and
25                                 (b)    use reasonable endeavours to ensure that
26                                        the third party complies with those
27                                        provisions.";
28      (4)     in clause 12(2) by deleting subparagraph (ii) and substituting the
29              following subparagraph:
30              "(ii)   on fine ore and on pisolite fine ore sold or shipped separately
31                      as such at the rate of:
32                       (A)    5.625% of the f.o.b. value, for ore shipped prior to or
33                              on 30 June 2012;




     page 102
                        Iron Ore Agreements Legislation Amendment Bill 2011
           Iron Ore (Yandicoogina) Agreement Act 1996 amended        Part 6

                                                                                s. 22



1                     (B)    6.5% of the f.o.b. value, for ore shipped during the
2                            period from 1 July 2012 to 30 June 2013 (inclusive of
3                            both dates); and
4                     (C)    7.5% of the f.o.b. value, for ore shipped on or after
5                            1 July 2013;";
6    (5)     in clause 12C by:
7              (a)   deleting in subclause (1) ""LAA"           means    the   Land
8                    Administration Act 1997 (WA);";
9              (b)   inserting after subclause (3)(c) the following new paragraph:
10                   "(d)    Without limiting subclause (9), the Minister may
11                           waive the requirement under this clause for the
12                           Company to obtain and to furnish the consent of a
13                           title holder if the title holder has refused to give the
14                           required consent and the Minister is satisfied that:
15                               (i)    the title holder's affected land is or was
16                                      subject to a miscellaneous licence granted
17                                      under the Mining Act 1978 for the purpose
18                                      of a railway to be constructed and operated
19                                      in accordance with this Agreement; and
20                               (ii)   in the Minister's opinion, the title holder's
21                                      refusal to give the required consent is not
22                                      reasonable in all the circumstances
23                                      including having regard to:
24                                        (A)   the rights of the Company in
25                                              relation to the affected land as the
26                                              holders of the miscellaneous
27                                              licence, relative to their rights as
28                                              the holders of the sought Special
29                                              Railway Licence or Lateral Access
30                                              Road Licence (as the case may be);
31                                              and
32                                        (B)   the terms of any agreement
33                                              between the Company and the title
34                                              holder.";


                                                                           page 103
     Iron Ore Agreements Legislation Amendment Bill 2011
     Part 6         Iron Ore (Yandicoogina) Agreement Act 1996 amended

     s. 22



1                 (c)   deleting in subclause (4)(a) the comma after "the provisions
2                       of this Agreement" and substituting "and";

3                 (d)   in subclause (7):

4                         (i)      deleting all words in paragraph (c) after "at the date
5                                  of such inclusion"; and

6                         (ii)     inserting after paragraph (k) the following new
7                                  paragraph:

8                                  "(l)         The provisions of clause 20(2a) shall apply
9                                               mutatis mutandis to any Railway or Railway
10                                              spur line constructed pursuant to this clause."
11      (6)     in clause 20 by:

12                (a)   in subclause (2), deleting all words in the subclause after "and
13                      other railways which now exist"; and

14                (b)   inserting after subclause (2) the following new subclause:
15                      "Crossings over Railway
16                       (2a)      For the purposes of livestock and infrastructure such
17                                 as roads, railways, conveyors, pipelines, transmission
18                                 lines and other utilities proposed to cross the land the
19                                 subject of the railway the Company shall:

20                                        (a)    if applicable, give its consent to, or
21                                               otherwise facilitate the grant by the State or
22                                               any agency, instrumentality or other
23                                               authority of the State of any lease, licence
24                                               or other title over land the subject of the
25                                               railway so long as such grant does not in
26                                               the Minister's opinion unduly prejudice or
27                                               interfere with the activities of the Company
28                                               under this Agreement; and

29                                        (b)    on reasonable terms and conditions allow
30                                               access for the construction and operation of



     page 104
                        Iron Ore Agreements Legislation Amendment Bill 2011
           Iron Ore (Yandicoogina) Agreement Act 1996 amended        Part 6

                                                                                s. 22



1                                        such       crossings    and      associated
2                                        infrastructure,
3                               provided that in forming his opinion under this
4                               clause, the Minister must consult with the
5                               Company.";
6    (7)     at the end of clause 21(1) by inserting the following new paragraph:
7            "Notwithstanding clause 12A(2)(b)(iv), detailed proposals may refer
8            to activities on tenure which is proposed to be granted pursuant to this
9            subclause (1) as if that tenure was granted pursuant to this Agreement
10           (but this does not limit the powers or discretions of the Minister under
11           this Agreement or the Minister responsible for the administration of
12           any relevant Act with respect to the grant of the tenure).";
13   (8)     in the last paragraph of clause 21(2) by inserting "and subclauses (2a)
14           and (2b)" after "The provisions of this subclause";
15   (9)     in clause 21 by:
16             (a)   renumbering subclause (2a) as subclause (2d) and inserting
17                   the following new subclauses before the renumbered
18                   subclause (2d):
19                   "Application for Eligible Existing Tenure to be held
20                   pursuant to this Agreement
21                   (2a)          (a)   The Minister may at the request of the
22                                       Company from time to time made during
23                                       the continuance of this Agreement approve
24                                       Eligible Existing Tenure becoming held
25                                       pursuant to this Agreement on such
26                                       conditions as the Minister sees fit
27                                       (including,    without     limitation   and
28                                       notwithstanding the Mining Act and the
29                                       LAA, as to the surrender of land, the
30                                       submission of detailed proposals and the
31                                       variation of the terms and conditions of the
32                                       Eligible Existing Tenure (including for the
33                                       Eligible Existing Tenure to be held
34                                       pursuant to this Agreement and for the
35                                       more efficient use of the Relevant Land))


                                                                           page 105
     Iron Ore Agreements Legislation Amendment Bill 2011
     Part 6         Iron Ore (Yandicoogina) Agreement Act 1996 amended

     s. 22



1                                    and the Minister may from time to time
2                                    vary such conditions in order to extend any
3                                    specified time for the doing of any thing or
4                                    otherwise with the agreement of the
5                                    Company.
6                              (b)   Eligible Existing Tenure the subject of an
7                                    approval by the Minister under this
8                                    subclause will be held by the Company
9                                    pursuant to this Agreement:
10                                      (i)   if the Minister's approval was not
11                                            given subject to conditions, on and
12                                            from the date of the Minister's
13                                            notice of approval;
14                                     (ii)   unless paragraph (iii) applies, if the
15                                            Minister's approval was given
16                                            subject to conditions, on the date
17                                            on which all such conditions have
18                                            been satisfied; and
19                                    (iii)   if the Minister's approval was
20                                            given subject to a condition
21                                            requiring that the Company submit
22                                            detailed proposals in accordance
23                                            with this Agreement, on the later
24                                            of the date on which the Minister
25                                            approves proposals submitted in
26                                            discharge of that specified
27                                            condition and the date upon which
28                                            all other specified conditions have
29                                            been satisfied, but the Company is
30                                            authorised to implement any
31                                            approved proposal to the extent
32                                            such implementation is consistent
33                                            with the then terms and conditions
34                                            of the Eligible Existing Tenure
35                                            pending the satisfaction of any
36                                            conditions relating to the variation
37                                            of the terms or conditions of the
38                                            Eligible Existing Tenure. Where


     page 106
                  Iron Ore Agreements Legislation Amendment Bill 2011
     Iron Ore (Yandicoogina) Agreement Act 1996 amended        Part 6

                                                                       s. 22



1                                      this paragraph (iii) applies, prior to
2                                      any approval of proposals and
3                                      satisfaction of other conditions, the
4                                      relevant tenure will be treated for
5                                      (but only for) the purposes of
6                                      clause 12A(2)(b)(iv) as tenure held
7                                      pursuant to this Agreement.
8             Application for Special Advance Tenure to be granted
9             pursuant to this Agreement
10            (2b)      The Minister may at the request of the Company
11                      from time to time made during the continuance of
12                      this Agreement approve Special Advance Tenure
13                      being granted to the Company pursuant to this
14                      Agreement if:
15                      (a)   the Company proposes to submit detailed
16                            proposals under this Agreement (other than
17                            under clause 12C) to construct works
18                            installations or facilities on the Relevant
19                            Land and the Company's request is so far as
20                            is practicable made, unless the Minister
21                            approves otherwise, no less than 6 months
22                            before the submission of those detailed
23                            proposals; and
24                      (b)   the Minister is satisfied that it is necessary
25                            and appropriate that Special Advance
26                            Tenure, rather than tenure granted under or
27                            pursuant to the other provisions of this
28                            Agreement, be used for the purposes of the
29                            proposed works installations or facilities on
30                            the Relevant Land,
31                      and if the Minister does so approve:
32                      (c)   notwithstanding the Mining Act or the
33                            LAA, the appropriate authority or
34                            instrumentality of the State shall obtain the
35                            consent of the Minister to the form and
36                            substance of the Special Advance Tenure
37                            prior to its grant (which for the avoidance

                                                                  page 107
     Iron Ore Agreements Legislation Amendment Bill 2011
     Part 6         Iron Ore (Yandicoogina) Agreement Act 1996 amended

     s. 22



1                                         of doubt neither the State nor the Minister
2                                         is obliged to cause) to the Company; and
3                                  (d)    if the Company does not submit detailed
4                                         proposals relating to construction of the
5                                         relevant works installations or facilities on
6                                         the Relevant Land within 24 months after
7                                         the date of the Minister's approval or such
8                                         later time subsequently allowed by the
9                                         Minister, or if submitted the Minister does
10                                        not approve such detailed proposals, the
11                                        Special Advance Tenure (if then granted)
12                                        shall be surrendered at the request of the
13                                        Minister.
14                      (2c)       The decisions of the Minister under
15                                 subclauses (2a) and (2b) shall not be referable to
16                                 arbitration and any approval of the Minister under
17                                 this clause shall not in any way limit, prejudice or
18                                 otherwise affect the exercise by the Minister of
19                                 the Minister's powers, or the performance of the
20                                 Minister's obligations, under this Agreement or
21                                 otherwise under the laws from time to time of the
22                                 said State.";
23                (b)   in the renumbered subclause (2d), deleting "subclause (1)"
24                      and substituting "subclauses (1), (2a) and (2b)"; and
25     (10)     in clause 23 by:
26                (a)   in the first line of subclause (2), deleting "The" and
27                      substituting "Subject to subclause (8) the"; and
28                (b)   inserting after subclause (7) the following new subclause:
29                       "Capacity to defer obligations of the Company under
30                       subclause (2) if "alternative project" is approved under
31                       the Mount Bruce Agreement
32                        (8)      (a)    Subject to paragraph (b), in the event that
33                                        the Mount Bruce Agreement Minister
34                                        approves in accordance with clause 41A(5)
35                                        of the Mount Bruce Agreement that the


     page 108
                  Iron Ore Agreements Legislation Amendment Bill 2011
     Iron Ore (Yandicoogina) Agreement Act 1996 amended        Part 6

                                                                      s. 22



1                             carrying out of an alternative project (as
2                             defined in clause 41A(6) of that agreement)
3                             be accepted by the State in lieu of all of the
4                             obligations of the Company (as defined in
5                             that agreement) in respect of the
6                             establishment of plant for the production of
7                             steel pursuant to clause 41A of that
8                             agreement, the Minister may agree
9                             (including prior to and conditional upon
10                            such approval being given by the Mount
11                            Bruce Agreement Minister) to postpone the
12                            obligation of the Company to submit
13                            detailed proposals as contemplated by
14                            subclause (2) for a maximum period of
15                            10 years from the third anniversary of the
16                            m.a. date immediately following the date on
17                            which the Mount Bruce Agreement
18                            Minister so approves.
19                      (b)   If any approved alternative project referred
20                            to paragraph (a) is not implemented in
21                            accordance with the Mount Bruce
22                            Agreement Minister's approval and the
23                            default is not remedied in accordance with
24                            clause 21 of the Mount Bruce Agreement,
25                            the     Company      shall     (subject   to
26                            subclause (3)) submit detailed proposals in
27                            accordance with subclause (2) within
28                            12 months of the Mount Bruce Agreement
29                            Minister notifying the Company (as defined
30                            in the Mount Bruce Agreement) of its
31                            failure to remedy the default.
32                      (c)   For the purposes of this clause:
33                            (i)    the date of expiry of any period of
34                                   postponement contemplated by
35                                   paragraph (a) of this subclause shall
36                                   be deemed to be the next third
37                                   anniversary of the m.a. date; and



                                                                  page 109
    Iron Ore Agreements Legislation Amendment Bill 2011
    Part 6         Iron Ore (Yandicoogina) Agreement Act 1996 amended

    s. 22



1                                   (ii)   the date of expiry of the 12 month
2                                          period referred to in paragraph (b)
3                                          of this subclause shall be deemed to
4                                          be the next third anniversary of the
5                                          m.a. date.".
6




    page 110
                         Iron Ore Agreements Legislation Amendment Bill 2011
            Iron Ore (Yandicoogina) Agreement Act 1996 amended        Part 6

                                                                          s. 22



1    EXECUTED as a deed.
2

3    SIGNED by the HONOURABLE                    )
4    COLIN JAMES BARNETT in the                  )
5    presence of:                                )
6

      [Signature]                               [Signature]
      Signature of witness


      Stephen Bombardieri
      Name of witness
7

8    THE COMMON SEAL of                          )
9    HAMERSLEY IRON-YANDI PTY.                   )
10   LIMITED ACN 009 181 793 was hereunto        )            [C.S.]
11   affixed by authority of the Directors in    )
12   the presence of:                            )
13

      [Signature]                               Robert Paul Shannon
      Director


      [Signature]                               Helen Fernihough
      Secretary
14




                                                                       page 111
    Iron Ore Agreements Legislation Amendment Bill 2011
    Part 6         Iron Ore (Yandicoogina) Agreement Act 1996 amended

    s. 22



1   THE COMMON SEAL of                                   )
2   HAMERSLEY IRON PTY. LIMITED                          )         [C.S.]
3   ACN 004 558 276 was hereunto affixed                 )
4   by authority of the Directors in the presence of:    )
5

     [Signature]                                        Robert Paul Shannon
     Director


     [Signature]                                        Helen Fernihough
     Secretary
6




 


[Index] [Search] [Download] [Related Items] [Help]