Gindalbie starts $1.8bn spending spree

July 22, 2008

July 22nd (WA Business News) – Perth-based Gindalbie Metals Ltd has started its spending spree for its $1.8 billion Karara iron ore project in Western Australia by placing a $70 million order for key long lead items. Gindalbie and its joint venture partner, Anshan Iron & Steel Group Corp, have placed equipment orders with Polysius Australia, part of the Germany’s ThyssenKrupp group, with delivery expected by March 2010.

The orders are for two high pressure grinding rolls and four large ball mills for the crushing and grinding phase of the process plant. Earlier this year Gindalbie expanded the scope of its iron ore business with its feasibility study to look at a 12 million tonne per annum start up operation, up from 8Mtpa, at Karara.

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