Moly Mines grants mining contract for Spinifex Ridge iron ore project

Wednesday, 25 August 2010 14:42:52 (GMT+2)

Australian miner Moly Mines Limited has confirmed the award of an operations contract for the Spinifex Ridge iron ore project in Pilbara, Western Australia.

According to a Moly Mines statement, BGC Contracting Pty Ltd has been awarded the iron ore mining contract for Spinifex Ridge at the production rate of one million metric tons per annum of direct shipping product. BGC plans to mobilize to site in mid-September 2010, with a mining fleet which includes Komatsu 785 dump trucks and a PC 2000 excavator, and will commence ore mining in October.

The mine will have an annual production rate of 800,000-1 million mt and total reserves of 7.3 million mt at 59 percent Fe.

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