IOH gets environmental approval for Buckland iron ore mine

17 February 2014 (Last Updated February 17th, 2014 18:30)

Iron Ore Holdings (IOH) has received environmental approval from Western Australia's state Government for the development and operation of its Buckland iron ore mine.

Iron Ore Holdings (IOH) has received environmental approval from Western Australia's state Government for the development and operation of its Buckland iron ore mine.

The Australian company has also received permission for infrastructure and haul roads, subject to conditions that are in line with other mine and associated infrastructure developments in Western Australia.

The Buckland project is located near to Rio Tinto's Mesa one iron ore mine. It includes an eight million tonnes per annum (Mtpa) mine at Bungaroo South, potential additional production from other Buckland deposits, a new 200km sealed haul road and a new 20Mtpa transhipping port at Cape Preston East.

"This is the first mine-to-port PFS completed in its seven year history and serves as a milestone."

The Bungaroo South deposit is located approximately 45km south of Pannawonica, and 30km from Robe River's Mesa J mine.

The state government approval follows the mine's environmental approval from the federal government in July 2013.

IOH managing director Alwyn Vorster noted that all primary approvals, leases and licences coincide with the completion of the final feasibility study on the project and are anticipated to be secured by the second quarter of this year.

In November 2012, IOH completed a comprehensive pre-feasibility study (PFS) on the project.

According to the company, this is the first mine to port PFS completed in its seven year history and serves as a milestone enabling it to control its own development pathway and timing.

Iron Ore Holdings owns and manages a portfolio of bedded hematite, channel iron and magnetite iron ore tenements and projects within its central, western and coastal hubs in the Pilbara region of Western Australia.

Energy