The Australian iron ore exploration company Murchison Metals Ltd (Murchison) has announced that mining operations at Crosslands Resources' Jack Hills iron ore mine will cease in late December 2011 in accordance with the five-year Stage 1 mine plan.
Murchison stated that the final shipment of direct shipping lump and fines from the Jack Hills Stage 1 project is scheduled for February 2012. The Jack Hills iron ore mine will undergo maintenance, while Crosslands continues planning the Jack Hills Expansion Project.
Additionally, the planned cessation of Stage 1 operations will not impact the proposed sale of Murchison's interests in Crosslands and Oakajee Port & Rail to Mitsubishi, announced on November 24, 2011.