Iron ore developer, Sinosteel Midwest Corporation has completed the trial crushing and screening of old stockpiles and waste dumps at their Koolanooka project located 190 kms south east of Geraldton.
According to Operations Manager Phil Allsopp, the trial has successfully produced saleable product, but is not viable because of present commodity prices.
“While the trial was a success, in the current global economic climate iron ore prices are not at a level that would allow us to profitably process the previously mined material that exists on site,” Mr Allsopp said.
The Koolanooka project is located on a historic mine, previously operated by the Geraldton Operations Joint Venture (GOJV) from 1966 to 1972.
Midwest is continuing to progress Public Environment Review (PER) approvals, together with other support activities in order to commence hard rock mining at Koolanooka and Blue Hills.
The Koolanooka and Blue Hills mining project is expected to run for up to five years, with development scheduled to commence in Q3 2009 subject to government approvals.
“The Koolanooka and Blue Hills project continues to represent a sustainable development opportunity for the region and we are committed to working with stakeholders to ensure we can commence open pit mining on site in the coming months,” Mr Allsopp said.
According to Operations Manager Phil Allsopp, the trial has successfully produced saleable product, but is not viable because of present commodity prices.
“While the trial was a success, in the current global economic climate iron ore prices are not at a level that would allow us to profitably process the previously mined material that exists on site,” Mr Allsopp said.
The Koolanooka project is located on a historic mine, previously operated by the Geraldton Operations Joint Venture (GOJV) from 1966 to 1972.
Midwest is continuing to progress Public Environment Review (PER) approvals, together with other support activities in order to commence hard rock mining at Koolanooka and Blue Hills.
The Koolanooka and Blue Hills mining project is expected to run for up to five years, with development scheduled to commence in Q3 2009 subject to government approvals.
“The Koolanooka and Blue Hills project continues to represent a sustainable development opportunity for the region and we are committed to working with stakeholders to ensure we can commence open pit mining on site in the coming months,” Mr Allsopp said.
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