Karara Mine To Commence Output In 2011
The managing director of Gindalbie Metals Ltd has told Reuters that he expects his company to triple iron ore production to around 30 million tonnes a year by 2020 from mining operations expected to start next year.
"We've got a plan to start producing in 2011 and by 2020 we will complete our ramp up to 30 million tonnes per annum," Garret Dixon said in an interview on Thursday. "We're starting at 10 million tonnes next year and will progressively increase after that," he added.
Production at the company’s Karara mine will be shipped to Chinese steelmaker Ansteel commencing next year from the port of Geraldton, 250 miles north of Perth in Western Australia. The two companies signed an agreement this week that could deliver nearly 900 million tonnes of iron ore over three decades once the Karara operation in Western Australia’s Mid West iron belt is running at full capacity in full swing.
Gindablie estimates that eight million tonnes of high-grade concentrate and two million tonnes of direct shipping ore will be produced at Karara in 2011.
A second larger port, proposed in nearby Oakajee, is needed to allow the company to maximise its production.
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