Mineral Resources have unveiled their new $70 million rail set which will help the company lift iron ore exports out of its Carina mine by nearly 25 per cent.
The six new locomotives and 382 iron ore wagons were officially launched at the mine site this week and will haul ore through the Yilgarn region to Kwinana port for export.
The rail expansion fits into Mineral Resource’s growth strategy of being " a company that can deliver low cost infrastructure solutions.
“Owning our own fleet of rolling stock, gives us greater control over the entire logistics chain from mine to port and the economic benefits make our project more competitive all around, “ MinRes chaiman Peter Wade said.
Carina mine has produced more than 7.7 million tonnes of iron ore since opening in December, and MinRes is seeking approval to develop two more mines in the area.
The company said its greater Yilgarn Iron Ore project has the potential to generate $1 billion in State Government royalties over the next 15-20 years and contributes $40 million per year to the State finances through payments made to the Fremantle Port Authority.
“We are genuinely excited by the potential to create great economic benefits for Western Australia and the introduction of this rail fleet is a key step along this path,” Wade said.