WPG Resources to complete feasibility study at Giffen Well in Q1

Monday, 07 January 2013 14:03:06 (GMT+3)   |   Istanbul
       

Australian mineral resources company WPG Resources Ltd has announced that its $3 million prefeasibility study for the development of the Giffen Well iron ore project in South Australia is progressing according to plan, and is expected to be completed during the current quarter.
 
The project will consist of an open pit iron ore mine and magnetite concentrator at
Giffen Well, and an open pit coal mine and power station at Penrhyn that will supply low cost energy to the iron ore operation.
 
13 million mt per year of magnetite iron ore will be mined to produce 5 million mt of iron ore concentrate per year with 68.5 percent Fe content. The plant will also produce hematite concentrate in the early years.
 
Meanwhile, the colliery will produce 400,000 mt per year of sub-bituminous black coal that will be fed to a 90-100 MW mine mouth power station that will produce low cost electric power for use at Giffen Well.

Similar articles

Major steel and raw material futures prices in China - March 28, 2024

28 Mar | Longs and Billet

CISA: Coking coal purchase cost in China down 9.86% in Jan-Feb

28 Mar | Steel News

Brazilian high-grade iron ore price declines sharply in two days

27 Mar | Scrap & Raw Materials

Daily iron ore prices CFR China - March 27, 2024

27 Mar | Scrap & Raw Materials

India’s JSPL takes operational charge of iron ore complex in Venezuela

27 Mar | Steel News

Major steel and raw material futures prices in China - March 27, 2024

27 Mar | Longs and Billet

Vale selected to begin award negotiations for US briquette plant

26 Mar | Steel News

Daily iron ore prices CFR China - March 26, 2024

26 Mar | Scrap & Raw Materials

India’s SEML subsidiary secures mining rights to iron ore block

26 Mar | Steel News

Major steel and raw material futures prices in China - March 26, 2024

26 Mar | Longs and Billet