Mt Webber joint venture direct shipping ore project, Australia
Name and Location
Mt Webber joint venture (JV) direct shipping ore (DSO) project, Australia.
Client
Atlas Iron, in JV with Altura Mining.
Project Description
The Mt Webber JV DSO project, in the Pilbara region of Western Australia, is situated on a mining tenement that is majority owned and managed by Atlas, with Altura owning the remaining interest. Atlas also wholly owns the adjoining mining tenement and will mine both tenements concurrently.
Envisaged is a mining project producing three-million tonnes a year of DSO material.
Stage 2 will double production to six-million tonnes a year.
Value
The combined stages of the Mt Webber project are estimated to cost A$212-million, inclusive of road upgrades.
Duration
Mining operations from Stage 1 were expected to start in December 2013, with exports expected in mid-2014.
The expanded production rate of six-million tonnes a year is expected to be achieved by the end of the December 2014 quarter.
Latest Developments
Atlas Iron has approved the development of Mt Webber Stage 2, which will result in production being doubled at Mt Webber to six-million tonnes a year.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
First sales and cashflows from Stage 1 remain on track for the June 2014 quarter.
Contact Details for Project Information
Altura Mining, tel +61 7 3814 6900, fax +61 7 3814 6911 or email info@alturamining.com.
Atlas Iron, tel +61 8 6228 8000, fax +61 8 6228 8999 or email atlas@atlasiron.com.au .
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