Perhaps, but until we know what the impact will be we shouldn't make blind decisions. And we know enough that it's going to impact the species outlined above, let alone fisheries.
I was involved in mine finance in Australia & I had no issue with mines in the outback where the environmental impact was minimal. Where I struggled was with mines proposed in the Kakadoo or Tasmania etc.
This will be mining a very low grade iron in a way that is banned throughout the world.