Posted in | News | Iron Ore

Moly Mines Resumes Iron Ore Shipments from Pilbara

Moly Mines has resumed iron ore shipments from Spinifex Ridge after the bad weather had forced all operations to stop. It said that a ship with 64,472 wet metric tonnes of iron ore with a 59% iron grading has set sail for China.

This would be one of the first shipments of ore from the Pilbara region in Australia after the adverse weather conditions disrupted operations.

A cyclone in the Western Australia coastal region had forced closure of the ports in the area earlier this week. The cyclone only added to the woes created by the heavy rain and flooding in the area earlier this year. However Moly Mines seems to be unaffected.

The company said that the production rate at the mining project is now expected to reach 1 million tonnes per annum by the second quarter. This is much before the earlier planned date of July 2011. The company said that the ramp up expectations at Spinifex Ridge had exceeded expectations making this a possibility.

Moly Mines hopes to produce 820,000 tonnes of iron ore at an average cost of Australian $ 60- 70 per tonne for the current year. Monthly iron ore shipments have already been scheduled for the rest of 2011. About 80,000 tonnes will be shipped out monthly come April. The company also hopes to get the second half of its loan facility from the China Export and Import Bank this month. It has already received $ 250 million from the China Development Bank last month.

Joel Scanlon

Written by

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.

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Moly Mines Limited. (2019, March 19). Moly Mines Resumes Iron Ore Shipments from Pilbara. AZoMining. Retrieved on December 06, 2024 from https://www.azomining.com/News.aspx?newsID=3452.

  • MLA

    Moly Mines Limited. "Moly Mines Resumes Iron Ore Shipments from Pilbara". AZoMining. 06 December 2024. <https://www.azomining.com/News.aspx?newsID=3452>.

  • Chicago

    Moly Mines Limited. "Moly Mines Resumes Iron Ore Shipments from Pilbara". AZoMining. https://www.azomining.com/News.aspx?newsID=3452. (accessed December 06, 2024).

  • Harvard

    Moly Mines Limited. 2019. Moly Mines Resumes Iron Ore Shipments from Pilbara. AZoMining, viewed 06 December 2024, https://www.azomining.com/News.aspx?newsID=3452.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Submit

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.