BULKS

High-grade iron ore mine back from the dead

Lazarus, according to Biblical legend, rose from the dead after four days, a relatively modest achievement compared with the revival of Australia’s Koolan Island iron ore mine four years after it was “killed” in a flood.

Tim Treadgold
Koolan Island iron ore mine in Western Australia, before the pit wall fix

Koolan Island iron ore mine in Western Australia, before the pit wall fix

The official resurrection date of the historic mine was last Wednesday (April 24) when a 72,000-tonne cargo of high-grade haematite ore valued at more than US$8 million left aboard a bulk carrier for delivery...

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