Iron Valley gets maiden reserve
PERTH (miningweekly.com) - Developer Iron Ore Holdings (IOH) had declared a maiden probable reserve of 134.7-million tons, grading 58.5% iron at its Iron Valley project, in Western Australia.
The ore reserve estimate was based on a mineral resource of 259-million tons, with a mining study revealing that some 90-million tons of the probable ore reserve had an average grade of above 60% iron, which would allow for a high-grade mining approach, if required.
The current economic case for the project assumed a mine-gate sale concept, with the proposed mine plan leading to the development of three pit areas.
IOH said that the state government’s Department for Environment had now approved the implementation of the Iron Valley above-water-table mining project, allowing for the mining and processing of some five-million tons a year from above the water table.
The applications for secondary approvals, including the Department of Mines and Petroleum mining proposal, the Department of Environment and Conservation works approval, and the Department of Water licences, have started.
The approvals were targeted for completion by the third quarter of this year, which would make the Iron Valley project development ready.
IOH has previously secured a Native Title land access deed and federal environmental approval for the project.
Iron-ore major Fortescue Metals recently pulled out of the joint development of the Iron Valley project, citing a diverging development focus following the recent market volatility, and an agreement that Iron Valley's and Fortescue’s Nyidinghu project would not be developed as an integrated mine in the timeframe originally contemplated.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...
VISIT SHOWROOM
CMTS is a leading, well-established EC&I contractor with 37+ years of mining and industrial experience. We execute full-scope EC&I projects with...
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
