gindalbie metals iron ore in bolivia

Gindalbie retains a 4784 interest in the Karara Iron Ore Project in joint venture with Ansteel of China The Karara Iron Ore Project operated by Ansteel produces high quality magnetite concentrate for export to Asian markets

Gindalbie’s core asset is the worldclass Karara Iron Ore Project which it is developing in Joint Venture with AnSteel one of China’s leading steel and iron ore companies Karara will

Jul 03 2019 · Gindalbie Metals has finally closed the book on the 15year disaster that was its Karara project despite reluctance among some shareholders to let go of the underperforming asset Shareholders yesterday voted overwhelmingly in favour of a deal for Chinese joint venture partner Ansteel to acquire the remaining 643 per cent stake in Gindalbie it

GINDALBIE METALS LTD News information and stories for GINDALBIE METALS LTD Australian Stock Exchange GBG Australian Stock Exchange

Gindalbie starts strategy review Gindalbie Metals has commenced a review of its strategy and investment options after reporting that the Karara iron ore project is still not cash flow positive despite achieving a solid lift in production volumes Loading Tuesday 10 March 2015

Feb 01 2010 · For example Gindalbie Metals GBG Karrara iron ore project has estimated capital expenditure of 16 billion Processing of the ore into either slurries andor pellets requires significant

“Karara was conceptualised during a different and unprecedented time in the global iron ore cycle In today’s more subdued iron ore price environment a small company like Gindalbie is illsuited to retain a significant minority investment in a capitalintensive project like Karara The broader investment community has made that abundantly clear to Gindalbie’s Board and management and I consider it is

Jan 02 2013 · Gindalbie Metals makes historic magnetite shipment GINDALBIE Metals shares up more than 11 per cent after announcing its first shipment of magnetite from the Karara iron ore project

Mar 12 2019 · “Gindalbie is proud of the role it played in developing Karara a significant magnetite iron ore project in the Mid West and the longterm jobs and benefits it has created for Western Australia” Gindalbie nonexecutive chairman Keith Jones said

Karara Mining Ltd was established in 2007 through a joint venture between China’s Ansteel Group – the Anshan Iron and Steel Group Corporation 5216 and Gindalbie Metals Limited 4784 to develop and operate the Karara mine