Company News: Gindalbie Metals
Updated: 21 May 2012
Gindalbie Metals Ltd is an independent Australian iron ore company based in Perth, Western Australia which is developing a portfolio of projects in the State’s Mid West region.
Gindalbie’s core asset is the world-class Karara Iron Ore Project
which it is developing in Joint Venture with AnSteel, one of China’s
leading steel and iron ore companies. Karara will deliver a diversified
product mix including high grade magnetite concentrate, blast furnace
quality pellets and Direct Shipping Ore (DSO) hematite. Gindalbie has
an aggressive growth strategy to increase production from Karara and
other deposits in the Mid West region to a targeted level of more than
30Mtpa by the middle of next decade.
Gindalbie has completed a Bankable Feasibility Study on Karara and is
working towards an initial start-up phase of 2Mtpa of DSO quality
hematite production in early 2011 and 8Mtpa of high grade magnetite
concentrate commencing in mid-2011.
Gindalbie also controls an extensive pipeline of exploration and growth
opportunities within a 1,900km2 tenement position in the Mid West region
- Level 9, London House
- 216 St Georges Terrace Perth,
- PO Box 7200, Cloisters Square,
- Australia
Most Recent Company News
- Downer wins $600m magnetite-mining deal - 01 Mar 2012 4:14pm
Downer EDI has won a six-year magnetite-mining contract with Karara Mining (KML) for the provision of services at the Karara iron-ore project in Western Australia Read more... - Gindalbie outlines more WA magnetite - 24 Feb 2012 11:55am
An initial resource estimate for Gindalbie Metals Ltd’s Lodestone iron-ore property in Western Australia has calculated inferred resources of about 1,480Mt (1.5Gt) of magnetite at an average 27% Fe Read more... - FLSmidth awarded material handling project in Australia - 14 Dec 2011 3:40pm
FLSmidth has signed a contract to supply material handling equipment to an iron ore mine owned by Gindalbie Metals. Read more... - Karara transport deal - 05 Aug 2011 10:58am
The Karara iron-ore joint venture in Western Australia has secured a rail-access agreement for transport of up to 16Mt/y from the first and second stages of planned operations, according to partner Gindalbie Metals Ltd Read more... - Australia: Performance under pressures - 22 Jul 2011 12:01pm
Australia’s mining sector continues to achieve results despite political and environmental pressures Read more... - Gindalbie raises funds for Karara - 22 Jul 2011 12:01pm
Gindalbie Metals Ltd plans to raise A$209 million (US$223 million) to fund cost increases at the Karara iron-ore joint venture in Western Australia Read more... - Gindalbie funds Karara cost hike through raising - 19 Jul 2011 10:20am
Gindalbie Metals Ltd plans to raise A$209 million (US$223 million) to fund cost blowouts at the Karara iron-ore joint venture in Western Australia. Read more... - Murchison adds to Oakajee development cost - 08 Jul 2011 11:30am
Murchison Metals Ltd said it now expects the cost of developing its controversial Oakajee Port and Rail (OPR) project in midwest WA to reach A$5.94 billion (US$6.35 billion). Read more... - Oakajee fears grow as Sinosteel suspends project - 24 Jun 2011 11:32am
Sinosteel Corp’s subsidiary in the midwest of Western Australia has halted work at its A$2 billion (US$2.1 billion) Weld Range iron-ore mine, adding to growing doubts over the troubled Oakajee port and rail project Read more... - Haulage boost for Karara - 10 Jun 2011 10:59am
The Karara iron-ore joint venture in Western Australia has signed a haulage deal with freight operator QR National Ltd for transport of the forecast output from the project Read more...
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