doing fifo financially smart
HomeMinesWABalmoral Central
GPO BOX 1538 BRISBANE QLD , 4001
P: 07 3832 2044 F: 07 3832 2021
www.mineralogy.com.au/main.html

BALMORAL CENTRAL

  • Information
  • Jobs
  • Owner
  • Map
  • Major Contractor
  • What is mined
About:

The Sino Iron Project in Western Australia is being undertaken by CITIC Pacific Mining on behalf of its parent company, Chinese owned CITIC Pacific Limited. It is the first time in Australia that an iron ore mining company has included major downstream processing as an integral part of the project. It is a world class magnetite iron ore mining undertaking and promises to introduce new methods of mining to the Australian mining industry.

Mining at Balmoral Central is Behind Planing Owing to Problems During Construction

However, such a large development hasn't come easy for any party involved. It has been plagued with numerous serious cost blow outs and when on the verge of overcoming all obstacles CITIC fell out with it's Australian partner and owner of the iron ore deposit, Mineralogy Pty Ltd. Mineralogy Pty Ltd is owned by Queensland mining magnate, Clive Palmer.

Near the end of 2012 CITIC Pacific was successful in stopping Mineralogy Pty Ltd from terminating the eight billion dollar project over the payment of royalties. The Supreme Court of Western Australia granted CITIC an injuction that prevented Minerology from cancelling the lease agreement and mining rights it had previously granted to CITIC.

Balmoral Central Deposit is Part of the Worlds Largest Iron Ore Project

The Balmoral Central iron ore deposit, that is part of the largest magnetite iron ore project ever undertaken in Australia, is situated at Cape Preston in Western Australia 100 kilometres south west of Karratha. The concentrate and pellets to be produced from the project will be used to supply Chinese steel producers as well as CITIC Pacific's own steel plants.

The project being undertaken is a value adding, highly technical mining and processing operation that requires a state of the art processing plant and transport infrastructure that gives the Australian mining industry exposure to the in latest processing technology and the best in international skills.

The Balmoral Central deposit is part of more than six billion tonnes of available magnetite ore that will be processed at the rate of 27.6 million tonnes of concentrate and pellets a year. This particular commodity is important in that it is a raw material used in the making of steel that, during conversion, produces less carbon dioxide. An important factor in today's environmentally conscious steel making industry.

Balmoral Central's George Palmer Deposit is at the Heart of the Giant Project

Mineralogy Pty Ltd has owned the Balmoral magnetite ore deposit since since 1986 and since that time has researched the best methods of processing iron ore based on this particular deposit, before beginning serious discussions with Chinese steel producers in the 1990's and 2000's. These talks bore fruit in March 2006 when final agreement was reached with Chinese state owned CITIC Pacific. The deal meant that CITIC were given the right to mine six billion tonnes of magnetite iron ore from part of the Balmoral deposit known as the George Palmer Deposit.

The development is China's biggest mining foreign investment but has suffered throughout from a shortage of skilled labour as well as higher construction and equipment costs than originally anticipated and several cost overruns. The latest dispute with Mineralogy over the payment of royalties, that could cost CITIC hundreds of millions of dollars, is not helping the project start producing, although advertising for workers to be employed at the mine has commenced and it appears all will be ready to go in the first half of 2013.

Mineralogy

For 20 years Mineralogy has been exploring and developing in the iron ore area of mining.

ADDRESS

Mineralogy
GPO Box 1538
Brisbane, QLD 4001

OTHER INFO

Phone07 3832 2044
fax07 3832 2021

View Mineralogy Page

We Currently have No Jobs Specified for

BALMORAL CENTRAL

Visit Jobs Section

No Information listed at this time ......

Following are the resources mined at Balmoral Central

Y Fronts teaser banner MiningLink prefered resume writers Civil Link Banner
Boilermakers
Boilermakers required for various roles for fixed plant and mobile equipment shutdowns

Riggers Dido


Operator Maintainer
Bis Industries requires an Operator Maintainer to join our operations at Karara, this is offered FIFO on 2:1 roster from Perth, come join the team!

Mc Truck Drivers Gunnedah
Bis Industries is seeking MC Drivers commencing at Gunnedah on a Monday to Friday roster and every other Saturday as required.

Mc Drivers Goldfields
Seeking expressions of interest from experienced MC Drivers, in consideration for multiple opportunities across our operations in the Goldfields.

Prelude Arrives In Australia
Shell Australia's Prelude floating liquefied natural gas (FLNG) facility has arrived in Australian waters this week after its 5,800km journey from the Samsung Heavy Industries shipyard in Geoje, ....

Australia's Largest Testing Rig Unveiled In Rocky
Siemens has invested $5 million into the Rockhampton Service Centre, which unveiled this week, Australia’s largest and most advanced gearbox load test rig for mining, wind power and other core ....

Dinosaur Find At Qld Mine Site
Palaeontologists and volunteers will work over the next month excavating and studying 30,000-year-old dinosaur bones at the South Walker Creek mine in Central Queensland. The team of eight people, ....

Black Thoated Finch Puts New Coal Mine At Risk
The controversial black throated finch is back to cause problems for Adani with a fresh legal challenge over the planned Carmichael coalmine. New advice has found the federal environment ....

Monadelphous Awarded $55M In Contracts
Monadelphous Group Limited announced on Wednesday it has been awarded a number of new work packages with a combined value of approximately $55 million. The engineering company will carry out ....

Downer Group