Proactive Investors - Run By Investors For Investors

Gindalbie Metals marks a milestone with 68% Fe magnetite concentrate production at Karara

Gindalbie Metals marks a milestone with 68% Fe magnetite concentrate production at Karara

Gindalbie Metals (ASX:GBG) has marked a milestone, producing premium grade 68% Fe magnetite concentrate at its Karara Project in Midwest region of Western Australia.

Gindalbie is developing the world-class Karara Project, 200 kilometre east of Geraldton, in joint venture with Ansteel, China’s second-largest steel maker and biggest iron ore producer. The project consists of a substantial, long-life, magnetite concentrate operation with a smaller-scale supporting hematite operation.

Significantly, the company has also completed all nine key areas of the Concentrator with the commissioning of the final polishing circuit currently underway.

The project is on track for the the ramp up towards nameplate throughput capacity of 8 million tonnes per annum of magnetite concentrate, and it is expected that the steady state production at nameplate capacity will be achieved in the December quarter.

The Karara project has already completed 80 shipments since the start up in October 2012, with product comprising 3.5 million tonnes of direct shipping ore (DSO) and 1.3 million tonnes of magnetite concentrate.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

View full GBG profile View Profile

Gindalbie Metals Ltd Timeline

Newswire
June 12 2013

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use