December 2nd, 2013

Premier launches Sino Iron Project

by Business News, The West Australian

Monday, 2 December 2013

Premier Colin Barnett has launched the first shipment of magnetite concentrate from CITIC Pacific’s Sino Iron project in the Pilbara.

Today’s shipment of magnetite concentrate will be loaded onto barges at Cape Preston and transferred to a bigger carrier about 10km off the coastline for its journey to China.

Launching the shipment with CITIC Group chairman Chang Zhenming, Mr Barnett said the completion of the first stage of the project was a major boost for the State’s emerging magnetite iron ore industry.

“The Sino Iron project is the first magnetite mine to reach production in the Pilbara and today’s launch marks the first shipment through the newly completed Cape Preston port,” he said.

“This is the biggest magnetite mining and processing operation under construction in Australia and is a further sign of the potential of the industry to stimulate new investment and construction activity throughout the State.”

Mr Barnett said WA had a significant magnetite resources and this type of premium, value-added ore is preferred by many Chinese steel mills.

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For more go to The West Australian

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