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Karara Magnetite Project

 
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Mtpa production of magnetite concentrate
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No
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Office: Perth, Beijing 
Customer: Karara Mining Limited 
Location: Western Australia 
Timeframe: 2008 - ongoing 
Gindalbie Metals Ltd executed a wide-ranging Joint Venture Development Agreement with leading Chinese steel and iron ore producer Ansteel in September 2007 to proceed with development of the Karara Magnetite Project through a 50:50 incorporated Joint Venture.

Located 225km east of Geraldton, the Karara Magnetite Project will involve a A$1.6 billion integrated development of the world-class Karara magnetite deposit to produce both high-grade magnetite concentrate and blast furnace quality pellets for export to north-eastern China.

The project includes a conventional open pit operation with an initial 20Mtpa mining rate; production of 8Mtpa of magnetite concentrate on site at Karara; rail transportation of magnetite concentrate to the Port of Geraldton from where magnetite concentrates will be shipped in Capesize vessels to China. The concentrates will then be further processed into blast furnace quality pellets in a new Joint Venture Pellet Plant, to be located adjacent to Ansteel’s integrated Bayuquan Steel Mill at Yingkou, north-eastern China.

WorleyParsons has been engaged to commence the delivery of this project with operations planned to commence in 2010. The project will be managed from our Iron Ore hub in Perth, with a substantial proportion of the engineering and procurement being delivered through our Beijing Office.

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