Summerfield, D., 2017. Australia’s Ore Reserves of iron ore and contained iron, production and potential reserve life, 2002-2018. Earthquake information: 1800 655 739 All iron ore contains ferric oxide and it is from this that iron is extracted. Geoscience Australia Production data often have a higher level of certainty than resource estimates and so may be presented with more significant figures. Mount Webber: Atlas Iron Ltd's 2018 annual report details exploration and resource development at the Mount Webber deposits, which includes the completion of 109 RC drill holes for a total of 4644 m at Fender and 347 RC drill holes completing 20 332 m at Daltons deposit. South Flank: Project approval for BHP's new South Flank mine was announced during 201850. 12 Rio Tinto Ltd. ASX Announcement 28 February 2019. Geoscience Australia supports other science education and awareness programs including the National Youth Science Forum and the Science Experience. Therefore, both AEDR and EDR have increased by 3% during the 2018 assessment period. Public events hosted and contributed to by Geoscience Australia. This results in higher costs for the production of concentrate for steel smelters. Geoscience Australia's management structure. The Iron Duke deposit was first mined in 1990. Today iron ore is mined in huge open pit operations. Iron ore is mined in 50 countries and most especially mined in Western Australia. Resources and Energy Quarterly, June 2019. South Australia had a slight increase in its iron ore production from approximately 10 Mt in 2011 to 10.7 Mt in Mount Bevan: There has been no exploration activity at the Mount Bevan project since the 2016 industry review and hence no changes to the reported JORC magnetite resource estimate of approximately 1170 Mt at 34.9% Fe (comprising Indicated of 322 Mt at 34.7% Fe and Inferred of 847 Mt at 35% Fe)38. Like hematite ores, magnetite ores require initial crushing and screening, but undergo a second stage of processing that relies on the magnetic properties of the ore and involves magnetic separators to extract the magnetite and produce a concentrate. 25 Magnetite Mines Ltd. ASX Announcement 12 November 2018. Services and facilities offered by Geoscience Australia. Earthquake information: 1800 655 739 Like hematite ores, magnetite ores require initial crushing and screening, but undergo a second stage of processing that relies on the magnetic properties of the ore and involves magnetic separators to extract the magnetite and produce a concentrate. These ores vary in colour from dark grey, bright yellow, or deep purple to rusty red. Table 4. Of this, $289.5 million was spent on iron ore exploration in Western Australia, representing 22% of Western Australia's total drilling expenditure in 2018. E Economic Demonstrated Resources (EDR) predominantly comprise Ore Reserves and most Measured and Indicated Mineral Resources that have been reported in compliance with the Joint Ore Reserves Committee (JORC) Code to the Australian Securities Exchange (ASX). This increase will be supported by new and expansion projects, including the Koodaideri, South Flank and Eliwana projects. Location information about Australia's dimensions, landforms and national mapping. Operating mines includes all mines that operated during 2018 and thus contributed to production. Figure 3. Credit: Tony McDonough On the back of strong demand from China's steel mills and a … Australian Resource Reviews: Iron Ore 2017. Numbers are rounded so might not add up to 100% exactly. New mine developments include Rio Tinto Ltd's Koodaideri Project. Some mineral resources are inaccessible for mining because of environmental restrictions, government policies or because they occur within military lands or national parks. The Pilbara Iron Ore Project is located in the Pilbara region, approximately 60 km northwest of the town of Tom Price. Leaders in Earth science data, bringing the benefits of space to all Australians. Percentages are rounded and might not add up to 100% exactly. Cnr Jerrabomberra Ave and Australia has the world’s largest estimated reserves of iron ore with 52 billion tonnes, or 30 per cent of the world’s estimated 170 billion tonnes. This offsets the lower ore grades and higher costs of production. South Australia holds 8% of iron ore EDR and 10% of total iron ore resources. The vast majority (92%) of Australia's EDR of iron ore occurs in Western Australia with relatively minor occurrences in South Australia, New South Wales and Tasmania (Figure 1). Geoscience Australia offers a variety of scientific, technical, IT and administrative roles. 36 Gindalbie Metals Ltd. 2018 Annual Report. Reserves were estimated to be 15,500 Geoscience Australia is the government's technical adviser on all aspects of geoscience, and custodian of the geographical and geological data and knowledge of the nation. The iron and manganese ores occur as distinct sedimentary layers alternating with iron and manganese-poor sedimentary layers - the whole mass is sometimes mined. Iron ores in the form of hematite (ferrous oxide) and magnetite are removed from the earth through mining. Central Eyre Iron Project (CEIP): Iron Road Ltd's CEIP achieved another milestone in the first quarter of 2018 with the project gaining approval under the Environment Protection and Biodiversity Conservation Act, 1999. Ore Reserves of contained iron reported in compliance with the JORC Code totalled 10 540 Mt in 2018 (Table 1), or 44% of the EDR of contained iron (Table 4). The project is located on the Eyre Peninsula. The company states that project progress will be subject to favourable market conditions for iron ore32. Measured and Indicated Mineral Resources are inclusive of the Ore Reserves. Approximately 96% of Australia's iron ore exports are high-grade hematite, the bulk of which has been mined from deposits in the Hamersley province of Western Australia. Geoscience Australia provides Earth observation services, expert advice, and information for decision makers. Overall reserve and resource lives for Australia may also increase as new mines are developed and become producers, either replacing existing production as old mines close or introducing new production. This is illustrated by Table 5, which compares reserve and resource lives for only operating mines with those for all deposits. Australia is the second largest producer of iron ore. Australia is the world's largest iron ore producer but its iron ore resources are also the largest in the world; thus the potential resource life of Australia's iron ore deposits is considerable (Table 5). BHP achieved its production capacity guidance of 270 Mt for the 2018–19 financial year as operations returned to full capacity following the cyclone that occurred in March 201951. 41 Red Hill Iron Limited. Western Australia is poised to sign an agreement with a wealthy New Zealand family whose multi-pronged business empire includes a large, undeveloped iron ore deposit. Historically, bushfires, floods, earthquakes and cyclones have caused loss of life and significant damage to property and infrastructure. The majority of Australian Ore Reserves and Mineral Resources are reported in compliance with the JORC Code, however there are a number of companies that report to foreign stock exchanges using other reporting codes, which are largely equivalent. The chemical symbol for iron is 'Fe' because of its Latin name Ferrum. Resource Life 2 = Measured, Indicated and Inferred Resources ÷ Production. Cnr Jerrabomberra Ave and The overall value of the minerals and petroleum industry in Western Australia was A$145 billion in 2018-19, a 26 percent increase on the previous financial year. The new estimate was a result of a drilling programme and subsequent metallurgical analysis. A range of documents govern our operations and provide information about our projects and initiatives. 24 Summerfield, D., 2017. The company aims to produce between 273 Mt and 286 Mt of iron ore during the 2019–20 financial year52. All Resources for All Deposits includes EDR, Subeconomic Demonstrated Resources and Inferred Resources. Along the same geological formation, approximately 12 km south of Razorback, the company's Iron Hill project also reported upgraded JORC (2012) Mineral Resources, with no changes to the previous estimate of approximately 1200 Mt at an average grade of 23.2% Fe. Average reserve life and resource life (years) for iron ore as at December 2018. Gina Rinehart’s $7 billion Roy Hill project has mined its first iron ore. Based on publicly available data, JORC Reserves at operating mines are sufficient for approximately 13 years at the 2018 rate of mine production (Table 2). 38 Legacy Iron Ore Ltd. ASX Announcement 16 December 2013. The recovered magnetic and non-magnetic portions can be further analysed for chemical composition. iron ore industry by analysing data for iron ore production since 1965. These pellets are premium products that attract higher prices from steel makers, offsetting the higher costs of their production. In years past it was sometimes mined from shaft mines, but these were small operations. Mankind has known about the existence of iron in its ores for thousands of years. The Australian Energy Resources Assessment (AERA) 2018 Report. At each processing hub – Newman, Yandi, Mining Area C and Jimblebar – the ore is crushed, beneficiated (where necessary) and blended to create high-grade hematite lump and fines products. Historically, bushfires, floods, earthquakes and cyclones have caused loss of life and significant damage to property and infrastructure. The pellets contain 65% to 70% iron, which is a higher iron grade than the hematite DSO currently being exported from the Hamersley region. Manual mining method is normally limited to float ores. Deposits with Ore Reserves have, at a minimum, a prefeasibility study indicating a reasonable expectation of being mined within a development timeframe. Koodaideri's Phase 1 development aims to produce 43 Mtpa of iron ore and is expected to start production in late 2021, contributing to the company's high-grade "Pilbara Blend" products48. Reserve life is calculated by dividing the Ore Reserve by production. This slag was repeatedly hammered and heated to extract iron. Nearly two-thirds of these resources occur as goethite- and hematite-rich direct shipping ore (DSO) having inherently high iron content (>57 per cent Fe) that was naturally beneficiated by geological processes (particularly weathering) operating on and around specific iron-rich rock units. Approximately two billion tonnes of iron ore are mined each year. The most predominant surface mining methods used for mining of iron ores are open pit mining methods and open cut mining methods. Mineral Commodity Summaries 2019. 14 Office of the Chief Economist, Department of Industry, Innovation and Science, Australian Government. Small deposits occur in Tasmania, the Northern Territory and New South Wales. Table 3. 7 BHP Ltd. How is iron ore mined in Australia? Mining of reef ore is also being done manually on a small scale. Geoscience Australia participates in conferences to share and engage with our stakeholders. Savage River comprises several magnetite deposits, namely North Pit, Central Pit and South Pit. Integrated iron ore mines, rail and port operations in the Pilbara region of Western Australia Explore our global locations Western Australia Iron Ore (WAIO) is an integrated system of four processing hubs and five mines connected by more than 1,000 kilometres of rail infrastructure and port facilities in the Pilbara region of northern Western Australia. Analysts have shot down Beijing's threat that China will replace its massive Australian iron ore imports with Brazilian ore, as China opens up another front in the fledgling Australia-China trade war. Australian Resource Reviews: Iron Ore 2017. The latter property aids in the beneficiation of magnetite ores. The Hamersley range in the Pilbara region of Western Australia hold 98% of Australia’s iron ore mines. All iron ore EDR is AEDR. Figure 3.15 Australia's major iron ore deposits based on total Identified Resources. Iron Ore AIMR 2011 Australian Mines Atlas australianminesatlas gov au/aimr/commodity/iron_ore html. Iron ore is Australia’s largest source of export revenue, worth $63 billion (approximately US$45 billion) in 2017. The seaborne iron ore price has improved over recent years and, while still volatile, is enough to bring some positive momentum to the industry. It is non-magnetic and has colour variations ranging from steel silver to reddish brown. The library provides services to geoscience organisations, universities, research centres, the mining and petroleum industries and the public. Australia’s single largest iron ore mine, Roy Hill, is HPPL’s majority-owned (70%) $10bn mega operation. A wide range of spatial information products is available from the Geoscience Australia, from our retailer network or free from our website. The JORC Resources at the project's Five Mile deposit are unchanged from 2014 at approximately 9 Mt at an average grade of 50.8% Fe33. Inferred Mineral Resources are as at 31 December 2018. It takes around 1.6 tons of iron ore to produce one ton of steel. The Education Centre provides curriculum-linked, hands-on activities that keep students captivated, focused and looking for more. Additionally, when compared to hematite DSO, the magnetite pellets contain lower levels of impurities, such as phosphorous, sulphur and aluminium. WA has enormous iron ore resources, currently estimated at 120 434 million tonnes (inclusive of reserves). Ore Reserves are as at 31 December 2018. The principal iron ores contain hematite (Fe2O3) and magnetite (Fe3O4). These represent 37% of Australia's total EDR of iron ore. Table 7. Mineral Resources have reasonable prospects for eventual economic extraction over a longer timeframe. List of links to Geoscience Australia's 3D models. Applying geoscience to Australia's most important challenges, Critical commodities for a high-tech world, Australia's Mineral Resource Assessment 2013, See more for an update on our actions and the impact on our services. Geoscience Australia acknowledges the traditional owners of the country throughout Australia and their continuing connection to land, sea and community. Iron Ore AIMR 2011 Australian Mines Atlas australianminesatlas gov au/aimr/commodity/iron_ore html It has been the dominant iron ore mined in Australia example of high grade hematite iron ore deposits Magnetite is an iron Hematite ore is sourced mainly from Australia and Brazil and dominates world production. The pictogram / … Kumina is approximately 100 km south of Karratha in Pilbara region. It is non-magnetic and has colour variations ranging from steel silver to reddish brown. Teaching resources for primary and secondary levels including background information, student activities, full-colour cut-out 3D models and posters. Geoscience Australia offers a variety of scientific, technical, IT and administrative roles. This section highlights recent company exploration and development-related activities. Inferred Resources in 2018 were estimated at 94 100 Mt of iron ore with 43 021 Mt of contained iron (Table 3 and Table 4). The Office of the Chief Economist projects that iron ore exports will continue to increase, reaching 996 Mt in 2024-25 15. New projects are required for established producers to maintain current production output and meet target capacity rates as existing projects are depleted. Australian Bureau of Statistics data indicate that Australian mineral exploration drilling expenditure for 2018 totalled $2183.6 million, a 25% increase on the $1753.8 million spent in 201720. Because iron ore is a part of everyday life, the modern The addition of unreported quantities would, again, increase these estimates. Maldorky and Grants: A drilling program designed to evaluate the commercial potential of Havilah Resources Ltd's Maldorky and Grants iron ore projects was completed in late 2018. AEDR = Accessible Economic Demonstrated Resources. Geoscience Australia's management structure. WA Iron Ore Profile – March 2017 Page 1 of 4 Release Classification: - Public Iron Ore Industry Profile March 2017 Western Australia Western Australia is the largest iron ore producer and exporter in the world, accounting for 37 per cent of global production and 52 per cent of global seaborne exports in 2015. 21 Carpentaria Resources Ltd. ASX Announcement 31 July 2017. Geoscience Australia provides information and advice towards the management of Australia's groundwater and surface water resources. Geoscience Australia participates in cooperative projects at all levels of government and industry. Production data often have a higher level of certainty than resource estimates and so may be presented with more significant figures. Australia's identified iron ore resources and world figures for selected years from 1975-2018. In addition, a prefeasibility study on the development of the North Pit underground mine is progressing and numerous deep resource drill holes have been completed, resulting in an increase in overall resource estimates in 2018. The iron ore mined and shipped from Western Australia has been haemetite ore, also referred to as Direct Shipped Ore. Magnetite ore, also present as a resource in Western Australia, can also be used by Chinese steel producers. 47 Rio Tinto Ltd. ASX Announcement. 45 Brockman Mining Ltd. ASX Announcement 28 May 2018. Subeconomic resources classed as Paramarginal require a modest improvement in the commodity price/cost ratio to render them economic. 11 Mount Gibson Iron Ltd. ASX Announcement 12 October 2018. Interactive Maps is a discovery and exploration view of Geoscience Australia's geospatial services. Pellets are produced in a pelletising plant. The majority of Australian Ore Reserves and Mineral Resources are reported in compliance with the JORC Code, however there are a number of companies that report to foreign stock exchanges using other reporting codes, which are largely equivalent. 48 Rio Tinto Ltd. ASX Announcement 29 November 2018. Services and facilities offered by Geoscience Australia. Source: United States Geological Survey. For instance, the US$2.9 billion South Flank Project was announced by BHP in June 2018 to replace the 80 Mt per annum (Mtpa) production at the depleting Yandi mine8. Applying geoscience to Australia's most important challenges, Investing in Australian Mineral Exploration, AUSGIN Australian Geoscience Information Network, Unlocking Australia's hidden mineral resource potential, See more for an update on our actions and the impact on our services, https://www.citic.com/en/investor_relation/financial_reports/. The national estimates for iron ore since 2010 are reported in two categories, namely: Total Australian Ore Reserves of iron ore reported in compliance with the JORC Code were estimated to be 23 106 Mt in 2018 (Table 1), representing 47% of Economic Demonstrated Resources (EDR; Table 3). Geoscience Australia may also hold some confidential data. However, not all mining companies are publicly listed; as such, unreported reserves and resources are not included in these figures. Source: Geoscience Australia. Data standards and symbols and reference databases. Eliwana is part of FMG's proposed Western Hub operation with total JORC Mineral Resources of 1010 Mt at an average grade of 58.8% Fe. Haematite ore also has a high content of iron at 60%. The increasing production is likely to continue as new mines, such as the new operation at Hope Downs 4 are commissioned. 2 Gindalbie Metals Ltd ASX Announcement 19 October 2018, Annual Report. This report examines the production histories and resource lives of the six major types of iron ore mined in Australia. Australia is followed by Russia, with 25 billion tonnes (13 per cent), Brazil with 23 billion tonnes (12 per cent) and China, with 21 billion tonnes (but of substantially lower grade) of estimated iron ore reserves. It is important to stress that the reserve and resource lives discussed here apply to Australia as a whole. Newsletters for a number of different audiences which you can subscribe to. Large economically viable deposits of iron ore are essentially restricted to Western Australia and South Australia (Figure 3.15). In addition, some reserves and resources may have been reported to foreign stock exchanges using other reporting codes, which are largely equivalent to the JORC Code. Wiluna West: There were no changes to the Wiluna West Iron Ore Project's total JORC (2004) Resources of 130.3 Mt at 60% Fe, as re-stated in the 2018 GWR Group Ltd Annual Report53. Most operating mines reported a decrease in Ore Reserves in 2018, largely due to mining depletion and changes to the mining area. In addition, Geoscience Australia may hold confidential information for some commodities. This increases to 26 years if all deposits with reserves are considered (Table 1). Our strength lies in our people and our diversity in backgrounds. Project owner Citic Ltd has stated that improvements in its processing lines, have resulted in lower production costs1. Marillana: In May 2018, Brockman Mining Ltd upgraded the Marillana Iron Ore Project's JORC (2004) Mineral Resource estimate, published in 2010, to comply with JORC (2012). Eliwana is expected to start production in late 2020 at a projected capacity rate of approximately 30 Mtpa. Inquire Now; Iron ore rocks | RuneScape Wiki | FANDOM powered by runescape wikia /wiki/Iron_ore_rock All Australian iron ore mines are 'open cut' mines, meaning the iron-ore bearing rock is first blasted and then dug up from open mine pits. Geoscience Australia participates in conferences to share and engage with our stakeholders. The project has JORC Ore Reserves of 3681 Mt at an average grade of 15% Fe23. The National Mineral and Fossil Collection contains over 300,000 mineral, meteorite, fossil, and rock thin section specimens, with around 700 on permanent display in the foyer at Geoscience Australia. Iron makes up close to 5% of the Earth's crust. Geoscience Australia maintains a number of online tools to promote the discovery and delivery of data. Geoscience Australia hosts earth science related programs and events for teachers. Australia is followed by Russia, with 25 billion tonnes (13 per cent), Brazil with 23 billion tonnes (12 per cent) and China, with 21 billion tonnes (but of substantially lower grade) of estimated iron ore reserves. Operations that reported an increase in their Ore Reserves include: Fortescue Metal Group (FMG)'s Kings and Queens, which reported a 3% increase5; Hamersley Iron Pty Ltd's Marandoo operation, with a 17% increase6; and BHP Ltd's 'Marra Mamba' Ore Reserves increase due to the inclusion of the South Flank Project7. Resources and Energy Quarterly, June 2019. NB: Not all operating mines report Mineral Resources. Their concentration in economic proportions is referred to as 'iron ore'. Figure 2. Ridges Iron Ore ( WA ) The Ridges Iron Ore mine in the Kimberley region of far north Western Australia is poised to resume production again when global iron ore prices improve from their current low levels. Further processing of magnetite involves agglomeration4 and thermal treatment of the concentrate to produce pellets. The Education Centre provides curriculum-linked, hands-on activities that keep students captivated, focused and looking for more. 3 Grange Resources Ltd. ASX Announcement 9 April 2019. These can be used directly in blast furnaces or in direct reduction steel-making plants. The company reported the Koodaideri total 'Brockman' Ore Reserve as approximately 549 Mt at 61.8% Fe as at December 201849. All Resources for Operating Mines includes Measured, Indicated and Inferred Mineral Resources, inclusive of Ore Reserves, as reported in compliance with the JORC Code, plus non-JORC Code equivalents. Koolan Island's main pit is expected to be mined over the next five years with an estimated JORC Ore Reserve of 21 Mt at an average grade of 65.5% Fe11. The pellets contain 65% to 70% Fe, a higher grade compared to the hematite DSO currently being exported from the Hamersley province. All reported reserves and resources are compliant with the JORC Code unless otherwise stated. Subeconomic Demonstrated Resources are geologically demonstrated but do not meet the criteria for economic at the time of determination. Information regarding Australia's coasts and estuaries, seabed mapping and Antarctica. Iron ores are rocks from which metallic iron can be economically extracted. Table 6. This is followed by Brazil at 18% and Russia at 14% (Table 6). Established in 2003, Fortescue Metals Group ‘s current infrastructure comprises two mine hubs (the Chichester Hub and the Solomon Hub, both of which it owns and operates) with a third facility in the … Iron ore minerals are mostly found as hematite and magnetite. 28 Havilah Resources Ltd. ASX Announcement 25 June 2019. The principal ore bodies being Iron Monarch, Iron Knob, Iron Prince, Iron Baron, Iron Knight, Iron Princess, Iron Queen, Iron Chieftain, Iron Duchess and Iron Duke. The length of production at individual mines is dependent upon the amount of remaining resources and the discovery of additional near-mine resources. Australia, Brazil and China are responsible for the bulk of the iron ore produced per year, accounting for roughly 70% in 2016, while Australia accounted for 37% itself. Symonston ACT 2609, General Enquiries: 1800 800 173 Mar 14, 2014018332Large iron ore mines are mechanized mines while manual mining methods are employed in the small mines. 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