Matt Chambers From: The Australian September 04, 2010 12:00AM
CHINA Metallurgical Group (MCC) has unveiled plans for the Cape Lambert magnetite project it bought from Tony Sage's Cape Lambert Resources. It wants to build a 25 million tonnes a year operation just outside Karratha that will cost billions of dollars.
MCC is planning to start construction on the project in 2012, with a view to first exports from the planned Port Anketell harbour in 2015, according to documents submitted to the federal Environment Department.
The Cape Lambert Magnetite project, which is just 20km outside Karratha, was bought in 2008 for $400 million.
The project, which will consist of a mine, a 300MW power station, a desalination plant and a 10km concentrate pipeline to Anketell Point, will need a building workforce of between 2000 and 2500 and a permanent workforce of 800 to 1000. MCC is planning to produce 15 million tonnes of magnetite concentrate a year at first, with the potential to ramp up to 25 million tonnes a year.
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