Rio Tinto ready to build Simandou after almost 30 years of setbacks
Simandou has faced delays due to legal disputes, political changes, and the challenges of building a 600 km rail and port infrastructure.
Gindalbie Metals has announced the award of the magnetite ore mining contract for the Karara iron ore project in Western Australia to Downer EDI Mining. With a total estimated value of approximately A$570 million over a duration of six years, the contract is one of the largest single operational contracts for the Karara project. The contract, which includes provision of drill & blast and load & haul services, is based on a mining rate of approximately 30 Mt/y. This will comprise approximately 20 Mt/y of ore and 10Mt/y of waste for the production of 8 Mt/y of dry magnetite concentrate, the Stage 1 production rate at Karara. (more…)