Thu Mar 31, 2011 3:49am GMT
SYDNEY, March 31 (Reuters) - Australia's Gindalbie Metals and Chinese metals group Sinosteel will start shipping iron ore to China on Thursday at a rate of 60,000 per month for eight months, Gindalbie said on Thursday.
Two-thirds of the ore will come from Sinosteel's Koolanooka mine, operated by an Australian subsidiary and the rest from Gindalbie's newly-developed Karara mine under an agreement reached earlier this year, a Gindalbie spokesman said.
Both mines are located in west Australia's Mid West region around 1,000 km (600 miles) south of the traditional Pilbara iron belt dominated by major producers Rio Tinto , BHP Billiton and Fortescue Metals Group , which this year are forecast to ship a combined 500 million tonnes.
High-grade Karara hematite lump ore is currently being loaded onto the Panamax vessel, M.V. "Ju Da", which is scheduled to sail for China on Thursday evening, according to Gindalbie.
Two-thirds of the ore will come from Sinosteel's Koolanooka mine, operated by an Australian subsidiary and the rest from Gindalbie's newly-developed Karara mine under an agreement reached earlier this year, a Gindalbie spokesman said.
Both mines are located in west Australia's Mid West region around 1,000 km (600 miles) south of the traditional Pilbara iron belt dominated by major producers Rio Tinto , BHP Billiton and Fortescue Metals Group , which this year are forecast to ship a combined 500 million tonnes.
High-grade Karara hematite lump ore is currently being loaded onto the Panamax vessel, M.V. "Ju Da", which is scheduled to sail for China on Thursday evening, according to Gindalbie.
Tags : iron ore shipment to China, raw material, steelmaking
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