MIO/REM – Ularring Hematite Mine Development – Western Australia - Project Profile
"MIO/REM – Ularring Hematite Mine Development – Western Australia - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.
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Macarthur Iron Ore Pty Ltd (MIO), a wholly owned subsidiary of Macarthur Minerals Ltd and Rare Earth Minerals PLC (REM) are planning to undertake the development of an iron ore mine in Ularring, Western Australia, Australia.
The project involves the development of a surface open cut iron ore mine and associated infrastructure with a production capacity of 4MTPA of ore on 116,000ha of land.
It includes the construction of a processing plant, an accommodation camp, conveyors, access roads, loading and unloading facilities, a rail track and related infrastructure.
Bennelongia Pty Ltd has been appointed as environmental consultant, Peter O'Bryan & Associates as geotechnical study consultant, Groundwater Resource Management Pty Ltd as hydrogeological study consultant, Thomson Group Holdings Pty Ltd as financial advisor, MSP Engineering Pty Ltd as engineering consultant and Caterpillar Inc. as equipment supply contractor and CSA Global’s consultants as the consultant.
In November 2011, Peter O'Bryan & Associates conducted a geotechnical study and Groundwater Resource Management Pty Ltd conducted a hydro geological study as a part of scoping study.
Macarthur Minerals Ltd (MMS) commissioned the first phase of metallurgical test work program in the fourth quarter of 2011 and the second phase in February 2012.
In 2012, a pre-feasibility study was conducted by MMS.
On October 24, 2013, MIO received environmental approval for the development of the mine based on recommendation by the Western Australia Environmental Protection Authority.
In January 2014, MIO released a revised project value and increased the capacity from 2MTPA to 4MTPA based on market conditions.
On February 14, 2017, MIO entered into a non exclusive mandate with the Tulshyan Group to raise up to US$154 million with an initial tranche of US$38 million for the project.
Study activities are underway.
The project involves the development of an open cut iron ore mine with a production capacity of 4 million tonnes per annum (MTPA) of ore on 116,000ha of land in Ularring, Western Australia, Australia.
The US$154 million project includes the following:
1. Construction of a processing plant
2. Construction of an accommodation camp
3. Construction of conveyors
4. Construction of access roads
5. Construction of loading and unloading facilities
6. Construction of a rail track
7. Construction of related infrastructureReasons To Buy