Overview
| Stage | Production |
| Mine Type | Open Pit |
| Commodities |
|
| Mining Method |
|
| Production Start | ...  |
| Mine Life | 40 years (as of Jan 1, 2021) |
The continued operation of the Sino Iron Project requires it to extend beyond the footprint it currently occupies. The need for extension is primarily driven by the need to accommodate waste rock and tailings, which are necessary by-products of the mining process. The mining tenements upon which the Sino Iron Project is currently conducted, and those into which the CITIC Parties wish to extend in order to continue operation, are all held by Mineralogy. Without an increased footprint, it will be necessary to suspend operations at the Sino Iron Project. |
Source:
CITIC Pacific Mining (CPM) is a wholly-owned subsidiary of Hong Kong listed company CITIC Limited. Headquartered in Perth, the company was established to manage the construction and operation of Sino Iron.
Contractors
- Subscription is required.
Summary:
The Sino iron project geologically lies near the George Palmer deposit, which is situated within the Hamerseley basin.
The Hamersley Basin, located in the Pilbara Block in northwestern Western Australia, is about 500 km long and 250 km wide, with a west-north westerly elongation. The basin is defined by the extent of the Hamersley Group sedimentary and volcanic rocks and contains extensive banded iron formations (BIFs) and large hematite-goethite iron deposits, which occur with the BIF units.
Archean (42800 Ma) granite-greenstone outcrops over most of the northern half of the Pilbara Block and is unconformably overlain by the Hamersley Basin in the southern half of the block except for a few exposures in inliers or domes within the basin.
The Hamersley Group conformably overlies the Fortescue Group and is conformably overlain by the Turee Creek Group. It is approximately 2.5 km thick and consists of four important iron formations separated by sequences of dolomites, shales and volcanics.
Summary:
The Sino Iron mine pit is over 2.6 square kilometres in area and will triple in size over the life of the project. The Company extracts the magnetite ore using traditional open pit mining techniques – drill and blast, then uses excavators to load the ore onto our haul trucks, which take the rock to four in-pit crushers.
The Company uses diesel electric MT6300 haul trucks for carting the iron ore from the pit to the crushers – this is an off-road truck engineered for high-production mining and heavy-duty construction environments.
At nearly 10 metres long and eight metres high, these trucks weigh 270 tonnes when empty and have 3,750 horsepower - each truck can haul around 360 tonnes at a time.
The Company has two types of drills at Sino Iron, the SKF15 and the Pit Viper 351.
The SKF fleet are ‘down-the-hole’, or ‘DTH’ drills, which means they have a hammer on the bottom of the drill that’s used to slowly smash through the rock until the desired hole depth is reached.
The PV351s are rotary drills – they use up to 120,000 pounds of pull-down force while the drill bit rotates, the downward pressure slowly chipping away the rock.
Source:
- subscription is required.
Flow Sheet:
Summary:
- subscription is required.
Production:
| Commodity | Units | 2021 | 2020 | 2019 |
|
Iron (magnetite)
|
kt
| ...... | ...... | ...... |
All production numbers are expressed as concentrate.
- Subscription is required.
Operational Metrics:
| Metrics | 2018 |
|
Annual production capacity
| 27.6 Mt of iron (magnetite) concentrate |
Financials:
| | Units | 2021 | 2020 | 2018 | 2017 | 2016 |
|
Revenue
|
M HKD
| | ...... |
12,700
|
9,804
|
3,600
|
|
After-tax Income
|
M
| ...... | ...... |
|
|
|
- Subscription is required
Source:
| HME Type | Model | Size | Quantity | Ref. Date |
|
Drill
|
.......................
|
|
|
Sep 29, 2021
|
|
Drill
|
.......................
|
|
.......................
|
Oct 13, 2022
|
|
Drill
|
.......................
|
|
|
Oct 13, 2022
|
|
Shovel
|
.......................
|
|
|
Sep 29, 2021
|
|
Shovel
|
.......................
|
|
|
Sep 29, 2021
|
|
Shovel
|
.......................
|
|
|
Sep 29, 2021
|
|
Truck (haul)
|
.......................
|
360 t
|
|
Sep 29, 2021
|
- Subscription is required.
Corporate Filings & Presentations:
- Subscription is required.
- Subscription is required.