Asset Report

Karara Phase 2 iron ore mine

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21 June 2018

Karara Phase 2 iron ore mine

Report summary

Karara Phase 2 involves expanding concentrate production at Karara Mining to 16 Mtpa (Phase 1 capacity is 8Mtpa) in the Midwest region of Western Australia. The mine is located 200 kilometres east of Geraldton and is a joint venture between China's Ansteel and ASX listed Gindalbie. Ansteel is conducting a review of Karara Mining and may withdraw funding for the joint venture, which could lead to its closure. Because of the financial uncertainty surrounding Karara Mining there is no possiblity that Karara Phase 2 will be developed and we classify it as inactive. This analysis was last updated in June 2017 and will not be re-updated unless development of the project is re-started.

Table of contents

  • Key facts
    • Summary
    • Key issues
  • Location maps
  • Participation
  • Geology
  • Reserves and resources
  • Production
  • Operations
  • Infrastructure
    • Cash costs
  • Sales contracts
  • Economic assumptions

Tables and charts

This report includes 13 images and tables including:

  • Key facts: Table 1
  • Detail map
  • Participation
  • Marketable reserves (at 01/01/2017)
  • Production
  • Production
  • Operations
  • Infrastructure
  • Cash costs
  • Product quality
  • Economic assumptions
  • Costs: Image 1
  • Capital costs

What's included

This report contains:

  • Document

    Karara Phase 2.xls

    XLS 315.00 KB

  • Document

    Karara Phase 2 iron ore mine

    PDF 3.85 MB

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