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Australia

Karara Mine

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Australia

Karara Mine

Location: 210 SE from Geraldton, Western Australia, Australia

Address:

Level 2, London House 216 St Georges Terrace
Perth
Western Australia, Australia
6000

Contacts:

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Categories

Summary

Mine TypeOpen Pit
StatusActive
Commodities
  • Iron Ore
Mining Method
  • Truck & Shovel / Loader
Production Start... Lock
Mine Life... Lock
SnapshotNo 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.

Owners

SourceSource
CompanyInterestOwnership
Karara Mining Ltd. (operator) 100 % Direct
Ansteel Group Corporation Ltd. 100 % Indirect
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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SourceSource

Deposit type

  • Banded iron formation

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.

Reserves

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Mining Methods

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Heavy Mobile Equipment

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Comminution

Crushers and Mills

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Processing

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Commodity Production

CommodityUnits202220212018201720162015
Iron (magnetite) kt  ....  Subscribe  ....  Subscribe7,8128,0677,0935,863
All production numbers are expressed as concentrate.

Operational metrics

Metrics202320222021202020192018201720162015
Annual production capacity  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe8 Mt of iron (magnetite) concentrate8 Mt of iron (magnetite) concentrate
Annual mining capacity  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Ore tonnes mined  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe20,558 kwmt19,772 kwmt17,313 kwmt13,480 kwmt

Production Costs

Commodity production costs have not been reported.

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Aug 25, 2024
....................... Subscription required ....................... Subscription required Subscription required Aug 25, 2024
....................... Subscription required ....................... Subscription required Subscription required Aug 25, 2024
....................... Subscription required ....................... Subscription required Subscription required Aug 25, 2024
....................... Subscription required ....................... Subscription required Subscription required Aug 25, 2024
....................... Subscription required ....................... Subscription required Subscription required Aug 25, 2024

Workforce

Total WorkforceYear
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Aerial view:

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