Asset Report
Karara Phase 1 iron ore mine
Report summary
Karara is a magnetite mine in the Midwest region of Western Australia. The project is a owned by Chinese steelmaker Anshan Iron and Steel (Ansteel). Ansteel has an offtake agreement for 100% of production over the life of the mine. Karara Phase 1 has a nameplate capacity of 8 Mtpa of 65% Fe concentrate and we expect it will produce this amount on an annual basis for the life of the mine. Ansteel has a transport contract with Aurizon until 2027 and the mine would be expected to operate until at least this time but we have modelled the mine until 2038 when known reserves deplete. A revised proposal was submitted to EPA in March 2022 seeking changes which would support a mine life of approximately 40 years.
Table of contents
- Summary
- Key issues
- Emissions
Tables and charts
This report includes 13 images and tables including:
- Karara Phase 1 Emission Intensity Quartile ranking – total global production - tonnes of ore
- Detail map
- Participation
- Marketable reserves (at 01/01/2024)
- Production
- Production
- Operations
- Infrastructure
- Cash costs
- Cash Costs
- Capital costs
- Product quality
- Economic assumptions
What's included
This report contains:
Other reports you may be interested in
Asset Report
North Division's Kiruna iron ore mine
Kiruna is undertaking an expansion project that will increase mining depth from 1km to 1.3km and production to 16 Mtpa.
$2,250
Asset Report
Nimba (Yekepa) Phase 2 iron ore mine
Phase 2 may commence with the first production in Q4 2024.
$2,250
Asset Report
South Division (Svappavaara) iron ore mine
Production at South Division (Svappavaara) is expected to remain below full capacity due to ongoing stoppages at the pelletising plant.
$2,250
