The latter two ports are exclusively used by Rio Tinto, while Port Hedland is used by BHP, FMG and Atlas Iron. Save my name, email, and website in this browser for the next time I comment. , 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. (Image courtesy of Rio Tinto. 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.  The expansion is part of a plan to raise Rio's annual production from the Pilbara from 220 to 330 million tonnes annually by 2016. Port facilities at Port Hedland consist of Nelson Point and Finucane Island, both BHP, and Herb Elliott Port, used by FMG. Your email address will not be published. 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. 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. "Juukan Gorge's shelters [are] nine-times older than Stonehenge, 23-times older than the Colosseum and 75-times older than Machu Picchu," he posted on his official Twitter account. , China, in 2008-09, was the main importer of Western Australian iron ore, having taken 64 percent, or A$21 billion in value. , At Cape Preston, CITIC Pacific Mining is currently, as of 2010, in the process of constructing a 27.6 million tonnes per annum magnetite iron ore mine, named the Sino Iron Project. , 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. , While the Pilbara iron ore deposits were known, such as the Mount Whaleback deposit discovered in 1957 by Stan Hilditch, it was not until 1960, when the Australian government lifted the embargo on iron ore exports that it had put in place because of concerns the mineral was in short supply, that mining began in earnest. , This is a list of currently active iron ore mines in Western Australia:. Reports suggest that copper and sugar exports from Australia into China will be halted. PILBARA IRON COMPANY (SERVICES) PTY LTD is located in Perth, WESTERN AUSTRALIA, Australia and is part of the Metal Ore Mining Industry. The mining company later apologized. The Winu copper-gold-silver discovery is about 130 km from Newcrest’s Telfer mine in the East Pilbara. FMG, under the leadership of Andrew Forrest, is driving a national program which aims to find 50,000 jobs for indigenous workers in Australia. A number of mines however are also located in the Mid West and Kimberley regions as well as in the Wheatbelt. , Other mines connect to port using the state government-owned railways. Located adjacent to the Karijini National Park, the Marandoo mine is one of the 12 mines operated by Rio Tinto in the Pilbara region. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN.  A private railway line, the Goldsworthy railway, as well as port facilities at Finucane Island, Port Hedland, were also constructed. Japan was the second-most important market with 21 percent, followed by South Korea with 10 percent and Taiwan with 3. 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. It would increase competition, reduce duplication of infrastructure, and reduce environmental damage. 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. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. “Copper’s recent recovery to pre-pandemic levels will challenge the metal’s ability to reach higher ground in the third quarter,” Ole Hansen, head of commodity strategy at the trading firm, said in an early-July note. 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.  The project is titled Rapid Growth Project 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. "We will continue to work with the PKKP to learn from what has taken place and strengthen our partnership. The question for the market is whether the seeming return of balance between supply and demand is enough to maintain prices at their current levels. 3 Capacity is the production capacity of the mine, as of 2010, not actual annual production, and is … 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 … Rio Tinto also, as of 2010, employs 700 indigenous workers in its Pilbara operations, comprising 6 percent of its overall work force. CNN Business reached out to Rio Tinto for comment on Hayes' remarks and was directed back to the company statement. Required fields are marked *. 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 Jimblebar mine is part of another expansion project, launched in 2010 and aimed at increasing production from the Pilbara mines to 240 million tonnes of iron ore annually by 2013. , In 2018–19 the Western Australian Government received A$4.9 billion in royalties from the iron ore mining industry in the state. Shares of Nevada Copper plunged 18.7% following the latest operational update. 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.”. Iron ore mining in Western Australia, in the 2018–19 financial year, accounted for 54 percent of the total value of the state's resource production, with a value of A$78.2 billion. But Puutu Kunti Kurrama and Pinikura Aboriginal Corporation spokesman Burchell Hayes said in a statement Rio Tinto was told about the significance of the site multiple times since 2013.  Before deciding to construct its own line, the National Competition Council of Australia received an application from FMG, on 15 June 2004, to use part of the Mount Newman railway and also part of the Goldsworthy railway. By the mid-1970s, this figure had reached 100 million tonnes, with the majority coming from Western Australia. 2 Location refers to nearest town, mines are not necessarily located at this town. Our relationship with the PKKP matters a lot to Rio Tinto, having worked together for many years," the statement said. The three largest iron ore producers operate private rail networks to transport ore from their mines to ports on the coast. https://t.co/kfqvhsKMhz. The new expansion is scheduled to cost A$276million. In the Pilbara, iron ore is shipped from Port Hedland, Dampier and Cape Lambert. The recent bonanza, however, is about to end, according to some experts. Locals in the Pilbara argue that the wealth generated by the local mining industry is passing them by and they are left behind. 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. 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. “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. The two lines terminate at Cape Lambert and Dampier. Rio Tinto has already received section 18 approval to destroy 26 of those 124 sites, which YAC has no right to oppose. The project is scheduled for completion by 2010. In 1992, the Australian government began to recognise the land rights of the Indigenous Australians, opening an opportunity for the latter to engage in negotiations with mining companies to press for compensation and for assistance in preserving cultural artifacts. Factset: FactSet Research Systems Inc.2018. "The high significance of the site was further relayed to Rio Tinto by PKKPAC as recently as March," Hayes said. Supply disruptions due to coronavirus-related measures have increased copper worries. Rio said that study work to date supports the development of a relatively shallow open-pit copper mine. 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.