Karara Project Ships First Magnetite Concentrate
Commissioning of the Karara magnetite concentrator was ongoing during January, with a goal of achieving full nameplate pro-duction capability of 8 million mt/y by the end of April 2013.
Karara shipped its first hematite direct shipping ore in March 2011 and as of year-end 2012 had shipped more than 1.3 million mt. The ramp-up performance of its direct shipping ore business demonstrated the effi-ciency of the entire Karara logistics chain, which continues to perform above expecta-tions, the Gindalbie Metals statement said.
As of mid-January, three trains per day were running between Karara and the Karara export terminal, and a fourth train was due to be added as required by the ramp-up schedule.
Karara is a surface mining operation located 200 km east of Geraldton. The project is based on the integrated devel-opment of a substantial magnetite con-centrate operation that has the potential to produce more than 30 million mt/y for 35 years and a smaller-scale hematite opera-tion based on a number of high-grade hematite deposits.
A total of A$2.55 billion had been spent on Karara construction, including rail and port infrastructure, through mid-January, and the company expected to complete the project broadly in line with its budget.