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.
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Source: Australian Mining, Atlas Iron and Mining Technology