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Gold/Mining/Energy : Mining News of Note

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To: LoneClone who wrote (17481)	4/10/2008 1:19:36 AM
From: LoneClone	Read Replies (1) of 194619

Gindalbie may up production from Karara news.theage.com.au April 8, 2008 - 11:26AM Chinese-backed iron ore hopeful Gindalbie Metals Ltd is investigating expanding the scope of its $1.6 billion Karara magnetite project in Western Australia. Gindalbie is conducting a six month study into increasing production from the project from eight million tonnes per year to 12 million tonnes per year. Magnetite is low-grade iron ore and requires intensive processing to produce a saleable material, unlike the high-grade hematite ore that can be shipped directly to customers. Gindalbie and joint venture partner Anshan Iron & Steel Group Corp are aiming for first production from the magnetite project by 2010.

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