Gindalbie is well advanced towards achieving its vision of becoming a substantial independent Australian iron ore producer by the middle of next decade. The cornerstone of this strategy is the development of the A$1.8 billion Karara Iron Ore Project in Western Australia’s Mid West region through a joint venture with AnSteel, one of China’s leading steel and iron ore companies.
Karara will deliver a diversified product mix including high grade magnetite concentrate, blast furnace quality pellets and Direct Shipping Ore (DSO) hematite to world markets from the end of this decade. Gindalbie has an aggressive growth strategy to increase production of both magnetite concentrate and DSO quality hematite from Karara and other deposits in the Mid West region to a targeted level of more than 32Mtpa by the middle of next decade.
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