Pilbarra iron ore developer Aurox Resources has been given environmental approval for its Balla Balla project between Karratha and Port Hedland.
Environment Minister Donna Faragher gave approval to the WA company's 100 per cent owned iron ore project on, which will mine and process up to 10.1 million tonnes per annum of magnetite ore over 15 years.
Meanwhile, the Environmental Protection Authority today gave conditional approval for plans by Gindalbie Metals to mine iron ore at its Karara magnetite project east of Geraldton.
The Balla Balla project is expected to begin production in early 2012.
Mrs Faragher said there were stringent conditions on conserving flora and vegetation; managing fauna; protecting the quality of surface and groundwater; and ensuring site rehabilitation after the closure of the mine.
Aurox managing director, Charles Schaus, said, “This is a pivotal milestone for the company and its shareholders; one that ensures the Balla Balla Project will be developed as soon as the next stage of financing is secured.”
“Throughout the approval process there has been close co-operation between the company, the State Government and key project stakeholders, and we commend everyone involved for their efforts and patience.
“The Minister for Environment and the Office of the Appeals Convenor were particularly helpful in completing our approval.”
“Importantly, the environmental green light is the crucial approval financiers now look for when considering the commitment of funds to projects like Balla Balla, as they can be assured their investment can be put to work immediately.”
Representatives from Aurox arrived in Beijing on April 27 for discussions with potential investment groups and existing off-take partners.
Source: Perth Now
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