Balmoral South Iron Ore Project receives Environmental Approval
Last week, Australasian Resources, received Federal Environmental approval for their Balmoral South Iron Ore Project, just south of Karratha in Western Australia.
Approval marks a significant step towards developing this project into a world-class iron ore venture. The means the impact assessment process is complete with the Project deemed to be environmentally acceptable. Australasian Resources now anticipates the imminent release of the State Environment Minister’s conditions for implementation of the project.
Project Snapshot:
• Open cut operation
• Utilising a crushing, grinding, wet magnetic separation and reverse flotation process
• Ideally suited geographically for export to major markets.
• Can be shipped as concrete or pellets
• Opportunity for expansion
• Huge iron ore province; 60 to 100 billion tonnes
• 20+ years Ore Reserve
• Infrastructure certainty; adjacent to new major iron ore development (Citicpacific’s Sino Iron Ore project)
• Near gas pipeline and proposed new supply infrastructure
• Infrastructure includes Power Plant, Borefield/Desalination Plant, Camp and Port facilities.
Construction is not expected to commence until mid 2010, through to the end of 2012, with first production to commence early 2013.
There is no word yet on how many jobs are likely to be generated for this project.