China Metallurgical to Develop WA Iron Ore Mine

5 September 2010 (Last Updated September 5th, 2010 18:30)

China Metallurgical Group Corp plans to develop an iron ore mine in Western Australia. Construction of the Cape Lambert iron ore mine will start by mid-2012 and operations will begin by 2015, reports the Australian Financial Review. The company will initially mine 55 millio

China Metallurgical Group Corp plans to develop an iron ore mine in Western Australia.

Construction of the Cape Lambert iron ore mine will start by mid-2012 and operations will begin by 2015, reports the Australian Financial Review.

The company will initially mine 55 million tons of low-grade magnetite iron ore followed by production of magnetite concentrate at a rate of 15 million tons a year.

The company will eventually increase production to 25 million tons a year at the mine, which has a 25-year life.

A 300MW natural gas-fired power generator and a desalination plant will also be built as a part of the development project.