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The Karara operation is a joint-venture between AnSteel Group(52.16%), one of China’s biggest steel makers and iron ore miners, and Gindalbie Metals Ltd (47.84%). It is the first major magnetite operation in the Mid-West Region.
Karara comprises a world-class magnetite deposit and is a substantial, long-life iron ore business.
The world-class Karara Operation is located 200km east of Geraldton, Western Australia and consists of a substantial, long-life, magnetite concentrate deposit.
Karara has invested more than AUD$1 billion in new common-use infrastructure in the Mid-West region, including an 85km rail line, a dedicated 16Mtpa export facility in Geraldton Port, a 330kV power line, and a 140km water pipeline.
Karara is a significant operation, which will deliver long-term benefits to the Mid-West region and the state of Western Australia through the provision of job opportunities, export revenue taxes and royalties.