Flinders receives mining lease for Pilbara iron ore project

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.