Atlas Iron reveals plans of $53m iron ore project in the Pilbara
Iron ore miner Atlas Iron has unveiled their plans of developing the Corunna Downs iron ore project located 40-kilometres from the company’s Mt Webber project in Western Australia’s Pilbara region, with a project development cost estimated between $47 million to $53 million.
“Corunna Downs, together with Mt Webber, will rebuild our production rate to approximately 12Mtpa after Wodgina and Abydos cease production on the first and second half of 2017 respectively,” said Atlas Iron Managing Director Cliff Lawrenson.
Source: Atlas Iron
Iron ore shipment from Corunna Downs is expected to commence on March 2018, with an initial production rate of about 4Mtpa over the life span of the mine – which is approximately five to six years.
Atlas Iron is also planning to combine the production of Corunna Downs with Mt Webber to increase the export rate of iron ore to 12Mtpa by June 2018 quarter.
Receive the latest industry news and project updates straight to your inbox by subscribing to the PlantMiner newsletter today.
Source: Australian Mining, Atlas Iron and Mining Technology
Related Articles
Fenix Resources awards two major contracts for WA Iron Ridge Project
Fenix Resources is on track to delivering its first iron ore sales in early 2021 from its Iron Ridge iron ore project in Western Australia as the company awards two major work contracts for the mine development.
Rio Tinto invests $3.5bn for new iron ore mine in the Pilbara
Rio Tinto is set to commence construction on the Koodaideri iron ore project in Western Australia in 2019, with the company approving a $3.5 billion investment for the development of the Pilbara mine.
Thiess secures $700m mining services contract for Iron Bridge Project
CIMIC Group company Thiess has been awarded a new contract valued at $700 million for mining services at Fortescue Metals Group Ltd’s Iron Bridge Magnetite Project in Western Australia.