Australia-based
iron ore mining company Flinders Mines Limited has announced that it has been granted a
mining lease for its Pilbara
iron ore project, located 60 km northwest of Tom Price, Western
Australia.
The project is in close proximity to both existing and proposed rail infrastructure, as well as being adjacent to
iron ore deposits owned by major Australian
iron ore producers Rio Tinto and Fortescue Metals Group.
The Pilbara
iron ore project will produce up to 15 million mt of
iron ore per year, once it is commissioned. The current
iron ore resources in the project stand at 917 million mt with 55.2 percent Fe content.