Related News
Joint ore project gets nod
Source: Xinhua |
September 10, 2009, Thursday
|
Print Edition
Print Edition
THE West Australian government gave its final approval to the first Australia-China multi-billion dollar iron ore project in the state's mid-west yesterday.
The Gindalbie-AnSteel iron ore project at Karara, east of Geraldton, is a joint venture with AnSteel, China's second-largest steel maker and is subject to formal approval by the Federal Environment Minister Peter Garrett.
AnSteel was given federal government approval earlier this year to take a substantial stake in Perth-based Gindalbie Metals Ltd, increasing its stake from 12.6 percent to 36.28 percent.
If the joint venture's Karara operation receives final approval, it will become the first major iron ore development in the state's mid-west and build pressure for a new deep-water port at Oakajee, near Geraldton.
A Gindalbie spokesman said production from the site was expected to be well in excess of the previously forecast 8 million tons per annum.
He said a recent assessment of a total of 2.4 billion tons of ore was five times greater than an estimate made two years ago.
Gindalbie Managing Director Garret Dixon said the WA government's approval cleared the way for a fourth-quarter start to on-site construction and development.
The Gindalbie-AnSteel iron ore project at Karara, east of Geraldton, is a joint venture with AnSteel, China's second-largest steel maker and is subject to formal approval by the Federal Environment Minister Peter Garrett.
AnSteel was given federal government approval earlier this year to take a substantial stake in Perth-based Gindalbie Metals Ltd, increasing its stake from 12.6 percent to 36.28 percent.
If the joint venture's Karara operation receives final approval, it will become the first major iron ore development in the state's mid-west and build pressure for a new deep-water port at Oakajee, near Geraldton.
A Gindalbie spokesman said production from the site was expected to be well in excess of the previously forecast 8 million tons per annum.
He said a recent assessment of a total of 2.4 billion tons of ore was five times greater than an estimate made two years ago.
Gindalbie Managing Director Garret Dixon said the WA government's approval cleared the way for a fourth-quarter start to on-site construction and development.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
