Southdown is an inactive greenfield iron ore project in the south west of Western Australia. The project is a 70:30 joint venture between Australian magnetite producer, Grange Resources (Grange) and Sojitz Resources & Technology. Southdown is designed to produce 10 Mtpa of magnetite concentrate to be exported from the port of Albany. Development of the project was stopped in 2013 because of low iron ore prices and Grange is looking to sell its stake in the project. This analysis is an archived version and represents our view of the project as of May 2015. We will re-update the analysis if development of the project is restarted.