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A message from our CEO
Karara is a joint venture between Gindalbie Metals Limited and AnSteel, one of China’s biggest steel makers and iron ore miners. 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.