China Metallurgical Group To Construct Iron Ore Mine in WA

China Metallurgical Group Corp is planning to start construction on an iron ore mine in Western Australia by mid 2012 and start operations by 2015.

The Chinese company plans to initially mine 55 million tonnes of low grade magnetite iron ore at its Cape Lambert iron ore project and then process it into a magnetite concentrate at a rate of 15 million tonnes per annum. The plans were revealed by the Australian Financial Review (AFR).

The China Metallurgical Group Corp plans to eventually boost magnetite concentrate production to about 25 million tonnes a year. As per its statement on Monday to the AFR it hopes to continue mining at Cape Lambert for about 25 years.

It also plans to build a 300 mega watt natural gas powered generator and desalination plant as part of the project development.

The Australian mining industry’s boom has been fed in no small part by the great demand for iron ore and coal coming from China.

The rapid economic growth seen by the Chinese economy has had Australian companies rushing in to meet the demand it has for both energy and raw material.

Joel Scanlon

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Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

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