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A message from our CEO
Karara is a joint venture between AnSteel Group(52.16%), one of China’s biggest steel makers and iron ore miners, and Gindalbie Metals Ltd (47.84%). It is the first major magnetite operation in the Mid West Region.
Encompassing a world-class magnetite deposit and multiple hematite deposits, Karara will be a substantial, long-life iron ore business.
This world-class Karara Project is located 200km east of Geraldton, Western Australia. It consists of a substantial, long-life, magnetite concentrate operation plus a smaller-scale hematite operation.
As part of the development, Karara has invested more than $1 billion in new common-use infrastructure in the Mid West region, including a new 85km rail line, a dedicated 16Mtpa export facility in Geraldton Port, a 330kV power line, and a 140km water pipeline.
Karara is a significant project, which is expected to deliver long-term benefits to the Mid West region and the state of Western Australia through the provision of job opportunities, export revenue taxes and royalties.