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Hundreds of jobs created following approval of $3m mine

Mt Gibson Iron Hill Mine

An independent Australian iron ore producer is widely expected to hire hundreds of staff to work at its new metal mine in Mid Western Australia.

Mount Gibson Iron recently received ministerial approval for its proposed $3 million Iron Hill Iron Ore Mine, 270km east-south-east of Geraldton.

No jobs have been advertised yet on the company’s website, but general expressions of interest are being collected here.

Western Australian Minister for the Environment Albert Jacob recently approved the following work:

  • extending the approved hematite mining operations at Extension Hill to increase the lifespan of hematite mining on tenements by two to three years
  • building mine pits, waste rock landforms, workshops, laydown yards, ponds for dust suppression water, landfill and bioremediation facilities
  • producing 3.5 million tonnes of ore per annum once freighted to port for export
  • utilising crushers, loaders, rail, roads and accommodation village facilities

Once the proponent has received final regulatory approval, it intends to start construction as soon as possible with an aim of beginning production in the first half of 2017.

“We welcome this important environmental approval of the Iron Hill mine, which takes us one step closer to commencing mine development in early 2017,” Mount Gibson Chief Executive Officer Jim Beyer says.

Iron Hill is promised to be a “low-capital cost production”.

“Development capital costs are expected to total $2-3 million, given Iron Hill’s location just 3km south of the recently depleted Extension Hill open pit, and utilisation of the company’s existing mine facilities and logistics arrangements,” the company says.

“All-in cash costs are expected to be consistent with Extension Hill. Iron Hill has total Indicated and Inferred Mineral Resources of 8.8 Million tonnes grading 58.3 per cent Fe1.”

Mount Gibson is expecting full year ore sales of 2.8-3.1 million tonnes for the 2016-17 financial year, comprising a mix of run-of-mine material from the Extension Hill and Iron Hill deposits – supplemented by opportunistic sales from existing low grade stockpiles.

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