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Two new iron ore mines approved in SA

A new South Australian iron ore mine has been approved to feed Whyalla’s steelworks at a cheaper cost, and another to boost iron ore exports from the region.

The new mining leases have been approved in the Middleback Range on Eyre Peninsula and add to Whyalla businessman Sanjeev Gupta’s assets portfolio.

His company SIMEC Mining has gained approval for the Iron Sultan mine — which will feed the Whyalla steelworks — and the Iron Warrior mine, which will produce up to 1.5 million tonnes of export iron ore annually.

The ventures are expected to support a workforce of 56 as well as another 130 contractors.

They are the first approvals for the Whyalla region since SIMEC acquired Middleback Range mining leases as part of Gupta GFG Alliance’s purchase of debt-laden steelmaker Arrium.

SA Mineral Resources Minister Tom Koutsantonis said the Iron Sultan mine would develop a hybrid pellet feed plant to significantly reduce the price of making steel at the Whyalla blast furnace. Read more…

 

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