Marandoo iron ore mine is situated 35km east of Tom Price in the province of Pilbara, in Western Australia. Additionally to upgrades at the mines and ports, it will also include duplication of existing railway lines and is scheduled for completion in late 2011.

All rights reserved. [13], In June 2010, the Australian Competition Tribunal ruled that FMG would be granted access to Rio Tinto's Robe River line and BHP Billiton's Goldsworthy line but not to the busier Hamersley and Mount Newman lines. The A$560 million spend on iron ore exploration accounted for 45 percent of all mineral exploration expenditure in the state. [34][35] As part of the five-year contract, BHP Billiton planned to increase the number of Aboriginal workers at the mine to 70, out of a total of 90 workers. “However, it has the potential for development of multiple deposits/ore bodies (albeit small scale) within the company’s wider exploration tenements adjacent to Winu,” Sterck said in a note to investors. "We pay our respects to the Puutu Kunti Kurrama and Pinikura People (PKKP)," Rio Tinto Iron Ore CEO Chris Salisbury said in a statement released Sunday. “The risk of a [coronavirus] second wave — particularly in the US and China, the world’s two biggest consumers — may force a rethink and we see no further upside during the coming quarter,” Hansen noted. Rio Tinto also, as of 2010, employs 700 indigenous workers in its Pilbara operations, comprising 6 percent of its overall work force. There are 109 companies in the PILBARA IRON COMPANY (SERVICES) PTY LTD corporate family. In 2007, BHP Billiton awarded a A$300 million contract to Ngarda Civil and Mining, an Aboriginal-owned company, to manage the Yarrie mine, the largest ever mining contract awarded to an Aboriginal company. Most stock quote data provided by BATS.

Instead, Fortescue decided to develop its Christmas Creek mine, at a cost of US$360 million, by building a mine and process plant there and linking it to its existing rail network. Rio Tinto has already received section 18 approval to destroy 26 of those 124 sites, which YAC has no right to oppose. On 1 June 1966, the first shipment of iron ore from the Pilbara left on board the Harvey S. [27] The company has also begun further construction at the port at Cape Lambert, which is scheduled to undergo a further expansion, to be completed by 2012. Rio Tinto apologizes for blowing up 46,000-year-old sacred indigenous site in Australia's Pilbara region By Angus Watson and Ben Westcott , CNN … Copper supply fears were first triggered by expectations of significantly higher demand to build bigger power grids and electric vehicles (EVs) in the face of no new discoveries and insufficient planned output. (Image courtesy of Rio Tinto. (1/3), After more than a week, why hasn't Morrison condemned this? "The West Australian State Government needs to ensure that their legislation and approvals processes protect our Indigenous cultural heritage. The non-Pilbara mines ship their ore out of other ports: Windarling Range ships from the port of Esperance;[19] the Jack Hills, Koolanooka, Mungada and Mt Gibson mines ship from Geraldton. Production slightly declined in the 1980s but it improved in the 1990s, reaching 150 million tonnes for the country by 1997 and 200 million tonnes by 2003.

Its iron ore mines. BHP operates the Goldsworthy railway and the Mount Newman railway, both terminating at Port Hedland. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. Save my name, email, and website in this browser for the next time I comment. [8][9], BHP's operations in Newman date back to 1968, when the Mount Whaleback mine was opened, the biggest single open-pit iron ore mine in the world. [33], Mining companies in Australia have, since 1992, changed their attitude towards the local Aboriginal population. Yandicoogina mine: Rio Tinto Newman Pilbara 52 1998 1 Majority-owner and operator shown only. Rio Tinto believes that there is potential for more discoveries within the deposit, as it has only explored 2% of its tenements in the region so far. The expansion would make Brockman 4 Rio Tinto's second-largest mine in the Pilbara. Torex poured 131,790 oz. “We are working on the studies for a small-scale start-up operation focussed on Winu’s higher-grade core as we take another step towards commercializing this deposit.”, “We are also assessing options for future expansion in the Paterson region given the extent of mineralization identified to date and our large land package.”.

Rio believes there is potential for more discoveries within the Winu deposit, as it has only explored 2% of its tenements in the region so far. (.

Western Australian Aboriginals, in 2007, suffered from an unemployment rate of 14 percent in the state, compared to 3.3% for the general population. Forget the gold price, copper was most profitable covid-19 trade, China to expand ban on Australian imports to copper, Nevada Copper says more funding needed for ramp-up, China’s iron ore market appears in supply-demand sweet spot, How Olympic Dam went from mother of all digs to debottlenecking, NASA finds rare metal asteroid worth more than global economy, Investors worth $10.2 trillion press global miners for indigenous engagement talks, Newcrest first-quarter gold output falls; on track to meet 2021 guidance. Rio Tinto has been investing heavily in copper in the past two years driven by forecasts of supply deficit, Analysts at Saxo Bank say that widespread beliefs on the global economy returning to normal within the next few quarters are likely “to turn out to be wrong.”.

"At Juukan, in partnership with the PKKP, we followed a heritage approval process for more than 10 years. [29], Plans by the Fortescue Metals Group to increase production from 39 million tonnes to 55 million tonnes through a US$220 million upgrade of the Cloud Break mine had to be abandoned in October 2009 because of funding difficulties through its Chinese investors. © 2020 Glacier Media Group, All Rights Reserved. In Dampier, ore is shipped from Parker Point and East Intercourse Island. The overall value of the minerals and petroleum industry in Western Australia was A$145 billion in 2018-19, a 26 percent increase on the previous financial year.

The demolition went ahead on May 24 despite a seven-year battle by the local custodians of the land, the Puutu Kunti Kurrama and Pinikura People, to protect the site. A number of mines however are also located in the Mid West and Kimberley regions as well as in the Wheatbelt. Juukan Gorge's shelters nine-times older than Stonehenge, 23-times older than the Colosseum and 75-times older than Machu Picchu. To achieve this, upgrades to both mines and port facilities are necessary. Rio Tinto operates the Hamersley & Robe River railway, formed in a 2001 merger of the Hamersley and Robe River railways. [36] Of the 12,000 people employed by BHP Billiton in its Pilbara operations in 2010, 700 were indigenous. at its El Limon Guajes mine in Guerrero state in Q3. [32][33], Australian Aboriginal culture in the region is deeply connected to the land and water and the mining activities threaten the fragile desert environment of the Pilbara. In the Pilbara, iron ore is shipped from Port Hedland, Dampier and Cape Lambert.

[9] Newman remained a "closed" company town until 1981. “We’re taking a more agile and innovative approach at Winu,” Rio Tinto group executive of growth and innovation and health, safety and environment (HSE) Stephen McIntosh said in a statement. Rio Tinto said in its statement that it had operated on PKKP country under a "comprehensive and mutually agreed" arrangement since 2011.

Disclaimer. The world’s no. The managing director of Ngarda, Brian Taylor, saw this contract as a positive step, moving Aboriginal people in the region away from government welfare and into permanent employment. The first train left Mount Newman on 1 January 1969 and the first shipment of Newman ore left port on 1 April 1969 on board of the Osumi Maru.

The Winu copper-gold-silver discovery is about 130 km (80 miles) from Newcrest’s Telfer copper-gold mine in the Paterson Province, East Pilbara. It would increase competition, reduce duplication of infrastructure, and reduce environmental damage. Morningstar: Copyright 2018 Morningstar, Inc. All Rights Reserved. [16] Atlas Iron, another junior iron ore miner, is hopeful to come to terms with BHP Billiton in regards to using some of the company's rail infrastructure, the Goldsworthy railway, in the future. BMO Capital Markets’ mining analyst, Edward Sterck, tonned down the report, saying that Winu remained a relatively modest deposit in terms of Rio’s appetite for scalability. Federal Indigenous Affairs Minister Ken Wyatt said the "destruction should not have occurred," adding that he had personally spoken to the traditional owners of the land. Companies are often unwilling to award their indigenous employees this time off to be able to perform these important traditions. However, some Aboriginals feel short-changed, given the enormous profits made from mining, and also consider the financial benefits and employment opportunities as insufficient compensation for the destruction caused to their habitat.[33]. The mining company later apologized. Rio Tinto allocated a further A$1.24 billion in early December 2010, to expand the Brockman 4 mine to 40 million tonnes per annum, from 22, as well as develop its Western Turner Syncline project, raising planned production there from 6 to 15 million tonnes, with the aim of increasing the Pilbara production to 283 million tonnes per annum by late 2013. [5] Up until the mid-1960s, iron ore production in Western Australia, and Australia as a whole, was negligible, in the range of less than 10 million tons a year. [6], The iron ore mining boom in Western Australia experienced since the early 2000s has not exclusively been seen as positive. gold at all-in sustaining costs of $877 per oz. The state has the world's largest reserves of iron ore with 29% of the world's iron ore, followed by Brazil with 19%, Russia with 15% and China with 12%. [31], China, in 2008-09, was the main importer of Western Australian iron ore, having taken 64 percent, or A$21 billion in value. Now read: Forget the gold price, copper was most profitable covid-19 trade, Your email address will not be published. I have spoken with the Traditional Owners affected by the mining blast. "It's incredibly important this doesn't happen again," said Wyatt, an indigenous Australian. As a follow-up, Rapid Growth Project 5, with a budget of A$4.8 billion, targets a further production increase of 50 million tonnes annually.

[35], Since the late 1960s, when the Department of Mines began categorising fatalities by commodity, until 2010, 86 work-related fatalities have occurred in the iron ore mining industry in Western Australia.

The recent bonanza, however, is about to end, according to some experts. Christmas Creek is scheduled to produce 16 million tonnes of iron ore in its first year of operation. [7] A private railway line, the Goldsworthy railway, as well as port facilities at Finucane Island, Port Hedland, were also constructed. Rio Tinto has been investing heavily in copper over the past two years driven by forecasts of output deficit. The site, in Juukan Gorge, in Western Australia state's resource-rich Pilbara region, featured two cave systems that contained artifacts indicating tens of thousands of years of continuous human occupation. By Angus Watson and Ben Westcott, CNN Business. It is 100% owned and operated by Hamersley Iron, a wholly owned subsidiary of Rio Tinto Iron Ore. It’s also close to numerous copper prospects discovered recently by juniors, and 350 km (220 miles) southeast of Port Hedland, the world’s largest bulk export port. [37], This is a list of currently active iron ore mines in Western Australia:[6]. Rio Tinto (ASX, LON, NYSE: RIO) said on Tuesday it had made a “promising” discovery 2 km (1.2 miles) east of its Winu copper-gold project in Western Australia, which is on track to begin production in 2023. The Winu copper-gold-silver discovery is about 130 km from Newcrest’s Telfer mine in the East Pilbara.

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