Sino Iron project
CITIC Pacific Mining’s (CPM) Sino Iron project at Cape Preston is located 100km south west of Karratha, in Western Australia’s resource rich Pilbara region. The largest magnetite mining and processing operation in Australia, downstream processing operations currently consist of six production lines. Sino Iron takes magnetite ore and through a beneficiation process creates a high grade, premium iron ore concentrate that is exported for use in steelmaking.
A fully integrated mining, processing and export operation, Sino Iron incorporates some of the most innovative processes and supporting facilities to produce and transport our product to market. This includes a mining fleet with some of the world’s largest equipment, a combined-cycle gas fired power station with design capacity of 480 megawatt, a 51 gigalitre desalination plant and the first greenfield port to be built in the Pilbara in more than four decades.
Since late 2013, Sino Iron has been shipping premium magnetite concentrate to CITIC’s special steel plants as well as other steel producers in China.
Magnetite concentrate from Sino Iron is of a high quality with the advantage of having a low alumina and phosphorus content. There is strong demand in China for this type of product, as it is an ideal material for pellet making – the preferred feed in the steelmaking process. Pioneering the development of Australia’s magnetite industry, Sino Iron is poised to deliver significant long-term economic and community benefits to both Australia and China for decades to come.
Facts & FIGURES
- The largest magnetite mining and processing operation in Australia with a mine life of over 25 years.
- Options to acquire additional magnetite ore resources, extending the life of the mine.
- At peak construction 4,000 people were employed building the project. During operation, there are about 1500 permanent positions and additional contractors employed. More than 90% of the direct workforce are Australian residents.
- Australia and China will enjoy mutual wide-ranging benefits from the Sino Iron project including long-term economic, social and community dividends.