Mar 01, 2021 Magnetite Mines (MGT) has been granted the tenement package for the Muster Dam Iron Project in South Australia. The project has an inferred mineral resource estimate of 1.5 billion tonnes of iron ore. Importantly, Magnetite Mines is touting the potential synergies between Muster Dam and its Razorback Project some 110 kilometres away.
The Iron Bridge magnetite project in Pilbara region of Western Australia is one of the biggest magnetite resources in Australia. An unincorporated joint venture (UJV) between FMG Magnetite (69 ) and Formosa Steel IB (31 ) is developing the project in two phases. Fortescue is responsible for the management and operation of the project.Joint venture partners Fortescue Metals Group (FMG) through its subsidiary FMG Magnetite Pty Ltd and Formosa Steel have given the green light to the development of the second stage of the Iron Bridge Magnetite Project in Western Australia The $3.7 billion project is located in the Pilbara, approximately 145 kilometres south of Port Hedland.The development is expected to generate up to.And has an iron ore content typically greater than 55 per cent, and magnetite which is black and has an iron ore content as low as 30 per cent. Up to now, all Australian commercial iron ore production has been hematite ore while magnetite ore is the most abundant iron oxide in Australia, it requires.Sep 10, 2018 Iron Road also tapped the improved sentiment towards magnetite, announcing last week it was seeking $1.69m from shareholders from a discounted entitlement offer priced at 7.5c a share. The funds will give new momentum to the group’s ambition to develop the Central Eyre magnetite project in South Australia.
The Iron Bridge Magnetite Project (Project) is for the development of a new magnetite mine (including processing and transport facilities) and associated infrastructure at the Iron Bridge Magnetite Project site to support production of 22 wet million tonnes per annum (wmtpa) of high grade, magnetite concentrate product.The buyer of the magnetite is interested in the of Fe in the concentrate or pellet.CAPITAL COST Magnetite is a bulk commodity and it is expensive to get it to the customer.Australia $6.1 B capital 140 Mtpa ore @ 32 DTR Capital required for •Concentrator Fleet •Port •Desalination plant •Conc.Magnetite Mines details its plans for large iron ore deposit in South Australia's east it says is one of the world's largest magnetite iron ore sites. and Chinese investors about the project.• Project Magnetite is an integrated project and has been a success although margins are being squeezed • Karara has struggled and survived because of Ansteel solid support • Citic Pacific has struggled and has been a very difficult project from a delivery and operation perspective • Current low iron ore price is a problem.
Cost overruns for a major iron ore project in Western Australia caused FMG to re evaluate the project. It also forced several executives to tender their resignations. Fortescue Metals Group Ltd. performed a detailed review of the Iron Bridge magnetite project in the Pilbara region in Western Australia and decided to defer construction until the.The proposal is to expand Hamersley Iron's iron ore operations at Dampier Port from 95 million tonnes per annum (Mtpa) to 120 Mtpa. The Hamersley Iron Dampier Port operations include rail and port facilities, rail maintenance workshops, a 120MW power station, laboratories and other service and administrative functions.Sino Iron Ore Project, Pilbara WA. The Sino Iron Project has been developed at Cape Preston – 100 kilometres south west of Karratha in Western Australia’s Pilbara region. It is the largest magnetite mining and processing operation in Australia. SRG Global are responsible for supply and installation of scaffolding, supply of rope access.“The Iron Bridge Joint Venture has demonstrated and refined each step of the magnetite ore processing system and conducted full scale trials to ensure the effectiveness of the process and gain confidence in the overall project success.” Civmec to build structural components for iron mine in Australia. (Credit Pixabay Bishnu Sarangi.).
About Lodestone Mines. Lodestone (noun) a naturally magnetized mineral magnetite. Lodestone Mines is studying the economics, support and technical feasibility for an iron ore mine, processing facility and infrastructure corridor in South Australia’s Yorke Peninsula, Mid North and the Braemar Iron Ore Basin, situated in the State’s north east.Nov 22, 2011 Albany Iron Ore Project Southdown Magnetite Proposal. The proposal involves the construction and operation of an open pit magnetite mine located approximately 90 kilometres east north east of Albany, and pipelines for ore slurry transport and return water, connecting the mine site and new port loading facilities in the Port of Albany. 2.New Zealand based Todd, made a takeover offer for Rutila Resources and recently entered into a A$65 million deal with Flinders to gain ownership of the proposed 25 MTPA Pilbara Iron Ore Project. The Balla Balla Infrastructure port will also be well utilised by Rutila`s Balla Balla magnetite vanadium titanium project.Dec 30, 2014 Australian resource company TNG plans to start construction on the Mount Peake vanadium iron titanium project located in the Arunta province of Northern Territory, Australia, in 2016. A prefeasibility study completed in July 2012 called for a 20 year mine life at an ore production rate of five million tonnes per annum (Mtpa).