Overview
| Stage | Production |
| Mine Type | Open Pit |
| Commodities |
- Iron (magnetite)
- Iron (hematite)
|
| Mining Method |
|
| Production Start | ...  |
| Mine Life | 2057 |
No mine operations data has been publicly available since Gindalbie Metals Limited (‘GBG’) was removed from the Official List of ASX Limited on 24 July 2019, in accordance with Listing Rule 17.11, following implementation of the scheme of arrangement between GBG and its shareholders in connection with the acquisition of all the issued capital in GBG by Angang Group Hong Kong (Holdings) Limited.
In 2017 the Karara Iron Ore Project achieved an annual iron ore concentrate production rate of 8 million tonnes per annum (Mtpa). Karara is now examining opportunities to increase its production rate beyond 8Mtpa consistently, as part of a broader strategy to improve the long-term economic viability of its magnetite mining operation. |
Source:
p. 3
Karara Mining Limited (KML) owns and operates the Karara mine.
Until 2019, Karara Mining Limited was a joint venture company in which 52.16% was hold by the Angang Group Hong Kong (Holdings) Limited (Ansteel) wholly-owned subsidiary Angang Group Investment (Australia) Pty Ltd, and the remaining 47.84% was hold by Gindalbie Metals.
On July 2019, Ansteel acquired of all the Gindalbie Shares that Ansteel does not already own and after that Ansteel Group owns 100% of the Karara Iron Ore Project.
Contractors
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Summary:
Mt Karara magnetite mineralisation is confined to a magnetite banded iron formation (BIF) lithological unit that occurs within a tightly folded and structurally disrupted northeast trending syncline. The Mt Karara syncline is characterised by a thick western limb dipping steeply to the east and a thinner and more structurally complex eastern limb that dips less steeply to the west, and it is the thick western limb that hosts most of the interpreted mineralisation. Where drilling has penetrated the base of the BIF, the syncline structure is interpreted to plunge steeply to the north. The drilling coverage has allowed the Mt Karara deposit to be modelled to a strike length of approximately 3km and the main mineralised zone has a width of approximately 500m. The BIF has been interpreted to extend vertically to depths of >700m below the surface.
Summary:
Magnetite ore is mined from a large scale (12 m bench height) open pit mine in a traditional load and haul mining operation using conventional face shovels, large capacity (230 tonne) off-road haul trucks, a fleet of large diameter blast-hole drill rigs and a range of ancillary mobile mining equipment.
The project comprises a large, complex and fully integrated mining, processing and transport logistics operation designed to produce 8 Mtpa of premium, high-grade magnetite concentrate.
Source:
p.5-7,11,16
Source:
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Flow Sheet:
Summary:
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Reserves at June 30, 2013:
| Category | Tonnage | Commodity | Grade |
|
Probable
|
950.8 Mt
|
Iron (magnetite)
|
36.2 %
|
|
Indicated
|
1,676 Mt
|
Iron (magnetite)
|
36.1 %
|
|
Inferred
|
702 Mt
|
Iron (magnetite)
|
35.3 %
|
|
Total Resource
|
2,378 Mt
|
Iron (magnetite)
|
35.8 %
|
Pipelines and Water Supply
Source:
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Corporate Filings & Presentations:
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