Karara Iron Ore Project approved

Gindalbie Metals' joint venture Karara Iron Ore Project in Western Australia has received final State environmental approval.

Gindalbie Metals’ joint venture Karara Iron Ore Project in Western Australia has received final State environmental approval for development from Western Australian Minister for Environment, Donna Faragher.

The decision clears the way for on-site construction and development of the large-scale Karara Project to proceed during the fourth Quarter of 2009.

Gindalbie and its joint venture partner, AnSteel, say the Karara Project will be a major integrated iron ore project producing both DSO and high-grade magnetite concentrate over several decades.

The project is located 225 km east of Geraldton.

The final State Ministerial approval follows the July decision to uphold all key appeals lodged by the Karara Joint Venture in relation to recommendations and conditions which formed part of the Environmental Protection Authority (EPA)’s recommendation for the Project released in May 2009.

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