Iron ores are rocks from which metallic iron can be economically extracted. Headquartered in Perth, Fortescue Metals’ core business is iron ore production and sea-borne iron trading, with its current annual shipments involving more than 170 million tonnes of iron ore. Our products include almanacs, software and web services providing precise astronomical data. 27 Havilah Resources Ltd. ASX Announcement 21 January 2019. Historically, bushfires, floods, earthquakes and cyclones have caused loss of life and significant damage to property and infrastructure. Figures rounded to nearest five years. In Australia, iron ore shipments were disrupted by unfavourable weather conditions in the Pilbara region of Western Australia. Geoscience Australia offers a variety of scientific, technical, IT and administrative roles. Geoscience Australia's management structure. The project is located approximately 35 km northwest of Rio's Yandicoogina mine site and approximately 100 km from the town of Newman in the Pilbara region. Geoscience Australia We use 20 times more iron … A raft of mid-sized and junior companies also report iron ore resources in the Pilbara – as well as moderate size iron ore mines in South Australia, Tasmania and the Northern Territory. AEDR does not include resources that are inaccessible for mining because of environmental restrictions, government policies or military lands. The pellets contain 65% to 70% Fe, a higher grade compared to the hematite DSO currently being exported from the Hamersley province. Iron metal may be produced from the smelting of certain iron compounds. WA has enormous iron ore resources, currently estimated at 120 434 million tonnes (inclusive of reserves). Geoscience Australia maintains a number of online tools to promote the discovery and delivery of data. Therefore, both AEDR and EDR have increased by 3% during the 2018 assessment period. Western Australia Pilbara. It measures the proportion of the sample that is magnetic and therefore the likely grade of magnetite concentrate at a given grind size. The Extension iron ore mine in Western Australia will be the first iron ore mine in Australia to be owned and operated by Aboriginal Australian. This increase will be supported by new and expansion projects, including the Koodaideri, South Flank and Eliwana projects. 24 Summerfield, D., 2017. 1 Citic Ltd. https://www.citic.com/en/investor_relation/financial_reports/. Symonston ACT 2609, General Enquiries: 1800 800 173 Geoscience Australia is the government's technical adviser on all aspects of geoscience, and custodian of the geographical and geological data and knowledge of the nation. Australian Resource Reviews: Iron Ore 2017. This iron could be given different shapes to make weapons and tools. It was in the far north and the Pilbara, however, that the State's major iron ore … General and thematic maps of Australia including outline maps, bathymetric maps, geophysical maps and geological maps. All iron ore EDR is AEDR. Australian Resource Reviews: Iron Ore 2019. Annual Report 2018. The latter property aids in the beneficiation of magnetite ores. Today iron ore is mined in huge open pit operations. 4 Agglomeration is the process in which magnetite grains are aggregated into pellets using a chemical binding reagent. General and thematic maps of Australia including outline maps, bathymetric maps, geophysical maps and geological maps. Ore Reserves and Mineral Resources of iron ore at operating mines in 2018. Iron Ore Mining in Australia industry outlook (2020-2025) poll Average industry growth 2020-2025: x.x lock Purchase this report or a membership to unlock the average company profit margin for this industry. Hawsons Iron Project: In 2017, Hawsons realised a maiden JORC Reserve and Resource and achieved "major project status" in New South Wales. These data will determine the quantity and quality of iron ore being produced as well as the resource life. 30 Company Name. Geoscience Australia may also hold some confidential data. Additionally, when compared to hematite DSO, the magnetite pellets contain lower levels of impurities, such as phosphorous, sulphur and aluminium. Total resources comprise all Demonstrated and Inferred Resources. Mankind has known about the existence of iron in its ores for thousands of years. The JORC Resources at the project's Five Mile deposit are unchanged from 2014 at approximately 9 Mt at an average grade of 50.8% Fe33. Table 2. 33 Easter Iron Ltd. ASX Announcement 21 May 2014. The company reported the Koodaideri total 'Brockman' Ore Reserve as approximately 549 Mt at 61.8% Fe as at December 201849. 5 Fortescue Metals Group. Australia is followed by Russia, with 25 billion tonnes (13 per cent), Brazil with 23 billion tonnes (12 per cent) and China, with 21 billion tonnes (but of substantially lower grade) of estimated iron ore reserves. 32 Easter Iron Ltd. ASX Announcement 25 September 2018. The Office of the Chief Economist reported Australia's iron ore 2018 exports at 835 Mt, a 1% increase on 2017 figures of 827 Mt 14. Because iron ore is a part of everyday life, the modern Resource Life 2 = Measured, Indicated and Inferred Resources ÷ Production. BHP reported total production of 275 Mt from its Western Australian operations for the 2018 financial year13, an increase of 3% from the previous year. The Red Hill project is located in the west of the Pilbara region. Australia's biggest trading partner last year bought $65billion worth of iron ore. Iron ores are rocks from which metallic iron can be economically extracted. 12 Rio Tinto Ltd. ASX Announcement 28 February 2019. Movies and mobile apps produced by Geoscience Australia. Source: Office of the Chief Economist, Department of Industry, Innovation and Science, Resources and Energy Quarterly (September 2018). Resources and Energy Quarterly, June 2019. Search Geoscience Australia's extensive catalogue of data, publications, online tools, maps and videos. Australian Resource Reviews: Iron Ore 2017. The most well-known of Australia’s mineral exports include iron ore, coal, lead and gold. Brockman stated that the upgraded, but reduced, estimate was due to resource category reclassification and included Measured, Indicated and Inferred Resources45. Interestingly, the potential reserve life of contained iron is only 19 years (Table 1), due to preferential depletion of deposits with higher iron content. The Brockman Iron Formation in the Hamersley province contains significant examples of high-grade hematite iron ore deposits. Resource Life 1 = Measured and Indicated Resources ÷ Production. Australia's identified iron ore resources and world figures for selected years from 1975-2018. NB: Not all operating mines report Mineral Resources. Credit: Tony McDonough On the back of strong demand from China's steel mills and a … Nearly two-thirds of these resources occur as goethite- and hematite-rich direct shipping ore (DSO) having inherently high iron content (>57 per cent Fe) that was naturally beneficiated by geological processes (particularly weathering) operating on and around specific iron-rich rock units. Geoscience Australia's history, dating from 1946. Geoscience Australia participates in conferences to share and engage with our stakeholders. These focus on the skills and knowledge needed to teach the earth science subjects within the Australian National Curriculum. 16 United States Geological Survey, 2019. The Education Centre provides curriculum-linked, hands-on activities that keep students captivated, focused and looking for more. In years past it was sometimes mined from shaft mines, but these were small operations. This offsets the lower ore grades and higher costs of production. Australia's total production of iron ore for 2018 was 899 Mt (Table 3), with Western Australia producing 891 Mt or 99% of overall production. Australia, which is the world’s leading producer and exporter of iron ore, experienced slower production growth in 2019 of 1.2%, versus 2.8% in 2018, partly due to the effect of Cyclone Veronica. 6 Hamersley Iron Pty Ltd. ASX Announcement 2 March 2019. The Mount Bevan project is located approximately 95 km northwest of Menzies in the Yilgarn region. The project owner, Carpentaria Resources Ltd, also reported ongoing work on an ecology survey as well as an environmental study which includes cultural heritage22. Information regarding various disciplines and techniques including: geochemistry, geochronology, geophysics and marine surveying. Australia’s total production of iron ore for 2012 was 520 Mt with WA producing 505 Mt, or 97% of overall production. Mt = million tonnes. Iron ore production in 2000 was 171 million tons, a 13% increase over 1999, following an average 3% decline in the 1990s; 97% percent of iron ore came from the Pilbara region. DSO is most abundant in particula… Inferred Resources in 2018 were estimated at 94 100 Mt of iron ore with 43 021 Mt of contained iron (Table 3 and Table 4). Total Inferred Resources in economic, subeconomic and undifferentiated categories. Inferred Mineral Resources are as at 31 December 2018. Australian iron ore deposits and operating mines 2018.Deposit size is based on total resources (EDR + Subeconomic Demonstrated Resources + Inferred).For clarity, only major or significant deposits are labelled. Like hematite ores, magnetite ores require initial crushing and screening, but undergo a second stage of processing that relies on the magnetic properties of the ore and involves magnetic separators to extract the magnetite and produce a concentrate. Integrated iron ore mines, rail and port operations in the Pilbara region of Western Australia Explore our global locations Western Australia Iron Ore (WAIO) is an integrated system of four processing hubs and five mines connected by more than 1,000 kilometres of rail infrastructure and port facilities in the Pilbara region of northern Western Australia. Operations that reported an increase in their Ore Reserves include: Fortescue Metal Group (FMG)'s Kings and Queens, which reported a 3% increase5; Hamersley Iron Pty Ltd's Marandoo operation, with a 17% increase6; and BHP Ltd's 'Marra Mamba' Ore Reserves increase due to the inclusion of the South Flank Project7. Australia's hematite DSO from the Hamersley region in Western Australia averages from 56% to 62% iron. Location information about Australia's dimensions, landforms and national mapping. The reported Mineral Resource now stands at 2 500 Mt at an average grade of 17% Fe and is inclusive of a JORC Probable Ore Reserve of 755 Mt at an average grade of 17.5% Fe21. As an example, when all deposits of iron ore are considered, the life of all resources, at 175 years, is far longer than the all resources life of 73 years calculated for operating iron ore mines. Despite Western Australia dominating the iron ore industry in Australia, deposits occur in each Australian state as well as the Northern Territory (Figure 3). Geoscience Australia Similarly, the reserve life of all deposits is twice that of operating mines alone. ASX Announcement 18 September 2018. 29 Havilah Resources NL. Seaborne iron ore is iron ore that is produced to be shipped to The National Mineral and Fossil Collection contains over 300,000 mineral, meteorite, fossil, and rock thin section specimens, with around 700 on permanent display in the foyer at Geoscience Australia. South Australia holds 8% of iron ore EDR and 10% of total iron ore resources. Subeconomic Demonstrated Resources are geologically demonstrated but do not meet the criteria for economic at the time of determination. The seaborne iron ore price has improved over recent years and, while still volatile, is enough to bring some positive momentum to the industry. The world's second biggest iron ore mine, Samarco Alegria is located in the state of Minas Gerais in south-east Brazil. At each processing hub – Newman, Yandi, Mining Area C and Jimblebar – the ore is crushed, beneficiated (where necessary) and blended to create high-grade hematite lump and fines products. Hematite is an iron oxide mineral. The new estimate was a result of a drilling programme and subsequent metallurgical analysis. 8 BHP Ltd. ASX Announcement 14 June 2018. Iron ore is mined in many places around the world. The commodity, mined in Western Australia, is by far the biggest chunk of Australia… Razorback Iron: Magnetite Mines Ltd reported an updated mineral resource estimate for the Razorback Iron deposits in accordance with the JORC (2012) Code in late 201825. Geoscience Australia offers a variety of scientific, technical, IT and administrative roles. Economic Demonstrated Resources (EDR) predominantly comprise Ore Reserves and most Measured and Indicated Mineral Resources that have been reported in compliance with the Joint Ore Reserves Committee (JORC) Code to the Australian Securities Exchange (ASX). In Australia iron ore is won from three main sources: pisolite "channel iron deposit" ore derived by mechanical erosion of primary banded-iron formations and accumulated in alluvial channels such as at Pannawonica, Western Australia; and the dominant metasomatically-altered banded iron formation-related ores such as at Newman, the Chichester Range, the Hamersley Range and Koolyanobbing, … Hindmarsh Drive 50 BHP Ltd. ASX Announcement 14 June 2018. Eliwana is expected to start production in late 2020 at a projected capacity rate of approximately 30 Mtpa. The project is located on the Eyre Peninsula. Average reserve life and resource life (years) for iron ore as at December 2018. Ore Reserves represent a higher level of economic, technical and legal certainty than Mineral Resources under the Joint Ore Reserves Committee (JORC) Code. Western Australia dominates both EDR and total resources, holding some 91% and 86%, respectively (Figure 3.16). High-grade hematite ore is referred to as direct shipping ore (DSO) because after it is mined, the ores go through a relatively simple crushing and screening process before being exported for use in steelmaking. Until the early 1960s it was believed Australia lacked sufficient reserves of iron ore for domestic use. The company affirmed that the JORC (2012) upgrade of the Mineral Resource estimate did not change the previous Razorback estimate, totalling 2732 Mt at an average grade of 18.2% Fe. The town of Mount Tom Price in Western Australia is known for its iron ore mined … Geochemical test analyses from diamond drilling at the Grants Basin prospect also indicate extensive mineralisation, including 488 m at 24.6% Fe28. 22 Carpentaria Resources Ltd. ASX Announcement 30 September 2018. Mines that were included in the expansion are Marandoo mine, which is expected produce 15 Mt per annum (Mtpa) for an extended mine life of approximately 16 years and Yandicoogina mine which will increase capacity to 56 Mtpa by 2021. How is iron ore mined in Australia? Australia is followed by Russia, with 25 billion tonnes (13 per cent), Brazil with 23 billion tonnes (12 per cent) and China, with 21 billion tonnes (but of substantially lower grade) of estimated iron ore reserves. However a few underground iron Demonstrated Resources = Measured and Indicated Mineral Resources, inclusive of Ore Reserves, as reported in compliance with the JORC Code, plus non-JORC Code equivalents. 13 BHP Ltd. ASX Announcement 18 September 2018. Geoscience Australia provides information and advice towards the management of Australia's groundwater and surface water resources. 31 Davis Tube Recovery testing is a laboratory technique that firstly pulverises the magnetite sample and then uses a Davis Tube wash to recover the magnetic particles. Iron ores of this type are commonly termed the banded iron formation or simply abbreviated as BIF. 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. Rio Tinto Ltd:The company reported an increase of 4% or 239 Mt in production at its Pilbara mine operations in 2012. For instance, the US$2.9 billion South Flank Project was announced by BHP in June 2018 to replace the 80 Mt per annum (Mtpa) production at the depleting Yandi mine8. The resulting ratio is a snapshot in time that can only be used for general impressions because it is an average and it assumes (1) that production rates in the future will remain the same as those used in the calculation, (2) deposits deemed economic/uneconomic remain so in the future and (3) that depleted resources are never replaced. This slag was repeatedly hammered and heated to extract iron. Like hematite ores, magnetite ores require initial crushing and screening, but undergo a second stage of processing that relies on the magnetic properties of the ore and involves magnetic separators to extract the magnetite and produce a concentrate. Established in 2003, Fortescue Metals Group ‘s current infrastructure comprises two mine hubs (the Chichester Hub and the Solomon Hub, both of which it owns and operates) with a third facility in the … Switchboard: +61 2 6249 9111 Kumina: Preceding the divestment of the Kumina Iron Ore Project to Mineral Resources Ltd, BCI Minerals Ltd, reported Kumina's maiden JORC Inferred Resource of 115 Mt at 58% Fe43. 40 Flinders Mines Ltd. ASX Announcement 1 March 2018. Table 4. The previously halted Koolan Island mine (Mount Gibson Iron Ltd) has also re-started, with the first ore sale reported in early 2018. Australia's Identified Minerals Resources, Critical commodities for a high‑tech world, Critical commodities in Australia - An assessment of extraction potential from ores, Platinum-group elements in Australia: Geological setting, mineral systems, and potential, Australia’s Energy and Mineral Resources – Investor Guide 2020. the Sino Iron Project in the Pilbara region of Western Australia, Karara in Western Australia's mid-west, and. Each year the iron ore industry generates around $5 billion in royalties for the State Government of Western Australia (depending on market prices) and major iron ore producing companies (BHP, Rio Tinto and Fortescue) pay around $3 billion in company tax each to Mineral commodity summaries 2019. Iron ore represents more than 40 per cent (and rising) of the value of Australia's exports to China, Credit: Bloomberg The miners have, ironically, China to thank for that. Table 1. 3 Grange Resources Ltd. ASX Announcement 9 April 2019. Cnr Jerrabomberra Ave and The Pilbara Iron Ore Project is located in the Pilbara region, approximately 60 km northwest of the town of Tom Price. The ore turned out to be of such high quality (close to 60 per cent purity) that BHP decided to create its own steel manufacturing plants, first at Newcastle and then Port Kembla. The Australian Energy Resources Assessment (AERA) 2018 Report. Production data often have a higher level of certainty than resource estimates and so may be presented with more significant figures. AEDR = Accessible Economic Demonstrated Resources. Hematite ore is sourced mainly from Australia and Brazil and dominates world production. Information regarding Australia's coasts and estuaries, seabed mapping and Antarctica. Geoscience Australia provides web services for public use that allow access to our data without having to store datasets locally. Iron ore is not generally mined within towns, as most mines are located some distance from settled areas. In fact, Australia is the world’s largest exporter of iron ore … Email: media@ga.gov.au. Karara magnetite products average 65.6% Fe37. Owing to the high average grades (% Fe) of hematite ores when compared to average beneficiated grades of magnetite ores, it is necessary to report national inventory in terms of contained iron as well as bulk iron ore. The JORC Proved and Probable Ore Reserves, part of the overall Mineral Resource, is approximately 94 Mt at 49.8% Fe (Davis Tube Recovery31). China, Australia and Brazil dominate this world trade. Eliwana: The mine development approval for the Eliwana deposit was announced by FMG during the first half of 2018 at an estimated project capital cost of US$1.275 billion44. Australia's hematite DSO from the Hamersley province averages from 56% to 62% Fe. Hindmarsh Drive BHP said that the project is expected to replenish the anticipated end of production at its Yandi mine of 80 Mtpa in 2020. The US$1.275 billion Eliwana Project announced by FMG will ensure it maintains its minimum production rate of 170 Mtpa9. Iron makes up close to 5% of the Earth's crust. 38 Legacy Iron Ore Ltd. ASX Announcement 16 December 2013. 54 GWR Group Ltd. ASX Announcement 5 August 2019. Karara is located 200 km east of Geraldton in the mid-west of Western Australia. The Karara project has reported production of 7.8 million dry metric tonnes (dmt) of magnetite concentrate for the 2017-18 financial year, at an average product quality of approximately 65.6% Fe, a decrease of 2.5% from 8 million dmt the previous year2. 55 FENIX Resources Ltd. ASX Announcement 4 November 2019. Geoscience Australia maintains a number of online tools to promote the discovery and delivery of data. NB: Not all operating mines report Ore Reserves. Magnetite mining is an emerging industry in Australia with large deposits being developed in the Pilbara and mid-West regions of Western Australia, and in South Australia. Media Hotline: 1800 882 035. New projects are required for established producers to maintain current production output and meet target capacity rates as existing projects are depleted. Newsletters for a number of different audiences which you can subscribe to. 47 Rio Tinto Ltd. ASX Announcement. The Marillana project is approximately 100 km northwest of the town of Newman. Further processing of magnetite involves agglomeration4 and thermal treatment of the concentrate to produce pellets. It is mainly found in rocks that are more than 600 million years old. This increase was attributed to productivity improvements and expanded mine output. Australia has been endowed with giant iron ore mineral resources and we keep finding more. Successful development has seen Roy Hill producing 55 million tonnes of ore in 2019. 20 Australian Bureau of Statistics, Mineral and Petroleum Exploration Australia, Mineral Exploration. Australia's hematite DSO from the Hamersley region in Western Australia averages from 56% to 62% iron. Mineral magnetite contains 72.4% iron, which is higher than hematite but the presence of impurities results in lower ore grade, making it more costly to produce the concentrates used in steel smelters. Analysts have shot down Beijing's threat that China will replace its massive Australian iron ore imports with Brazilian ore, as China opens up another front in the fledgling Australia-China trade war. Leaders in Earth science data, bringing the benefits of space to all Australians. Iron Ore Mining in Australia industry outlook (2020-2025) poll Average industry growth 2020-2025: x.x lock Purchase this report or a membership to unlock the average company profit margin for this industry. This section highlights recent company exploration and development-related activities. It has been the dominant iron ore mined in Australia since the early 1960s. Paramarginal resources of iron ore in 2018 were estimated at 10 382 Mt with 3137 Mt of contained iron. Earthquake information: 1800 655 739 51 BHP Ltd. ASX Announcement 17 July 2019 BHP Operational Review. Koolan Island: Mount Gibson Iron re-commenced production at its Koolan Island mine, in the Kimberley region of Western Australia, with the first ore sale reported in April 201934. Leaders in Earth science data, bringing the benefits of space to all Australians. Applying geoscience to Australia's most important challenges, Critical commodities for a high-tech world, Australia's Mineral Resource Assessment 2013, See more for an update on our actions and the impact on our services. Iron is the principal element in steel, which is used in everything from railroad tracks to reinforced concrete and is a basic building block to urban and industrial infrastructure. This increases to 26 years if all deposits with reserves are considered (Table 1). Quarterly Activities Report to the ASX, 16 July 2019. Australia, Brazil and China are responsible for the bulk of the iron ore produced per year, accounting for roughly 70% in 2016, while Australia accounted for 37% itself. Public events hosted and contributed to by Geoscience Australia. Haematite ore also has a high content of iron at 60%. Figures rounded to nearest five years. Annual Report. Magnetite Mines's 2018 annual report described the ongoing optimisation of the Razorback project's completed prefeasibility study in 2013, with particular emphasis on infrastructure, mining and processing26. Another factor is short-term demand from Chinese steel mill producers, with increased production prior to a government-imposed winter production slowdown. It is important to stress that the reserve and resource lives discussed here apply to Australia as a whole. However, not all mining companies are publicly listed; as such, unreported reserves and resources are not included in these figures. A large majority of mined iron ore is then used in steelmaking. Magnetite is an iron oxide mineral that is generally black and highly magnetic. Geoscience Australia provides Earth observation services, expert advice, and information for decision makers. Search Geoscience Australia's extensive catalogue of data, publications, online tools, maps and videos. Pellets are produced in a pelletising plant. Source: Geoscience Australia. The Hamersley range in the Pilbara region of Western Australia hold 98% of Australia’s iron ore mines. The total detrital iron ore resource at Marillana now stands at 1400 Mt, with an average grade of 42.2% Fe, at cut-off grade of 38% Fe46.
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