The Iron Valley mine is a small

iron ore Iron ores are rocks and minerals from which metallic iron can be economically extracted. The ores are usually rich in iron oxides and vary in color from dark grey, bright yellow, or deep purple to rusty red. The iron is usually found in the fo ...

mine located in the Pilbara region of Western Australia, northwest of

Newman Newman is a surname of English origin and may refer to many people: The surname Newman is widespread in the core Anglosphere. A *Abram Newman (1736–1799), British grocer *Adrian Newman (disambiguation), multiple people *Al Newman (born 1960) ...

, south of Port Hedland, and east of the

Yandicoogina mine The Yandicoogina mine, often shortened to Yandi, is an iron ore mine located in the Pilbara region of Western Australia, 95 kilometres north-west of Newman. it should not be confused with BHP Billiton's Yandi mine, which is located nearby. The ...

Overview

BCI Minerals acquired the project when it took over its previous owner, Iron Ore Holdings in 2014, which, in turn, had been majority owned by Australian businessman

Kerry Stokes Kerry Matthew Stokes (born John Patrick Alford on 13 September 1940) is an Australian businessman. He holds business interests in a diverse range of industries including electronic and print media, property, mining, and construction equipment. ...

. Prior to the sale, the deposit of at least 160 million tonnes was seen as large enough to interest one of the three large iron ore miners in the Pilbara, BHP, Fortescue Metals or Rio Tinto, with all three having mining leases in the area around the Iron Valley deposit. The mine opened in August 2014, when the project had a JORC resource probable ore reserve of 134 million tonnes at 58.5% iron. As at 30 June 2019, the ore resource was 189.9 million tonnes at 58.0% Fe, and the ore reserve was 89.0 million tonnes at 58.3% iron. The mine is operated by Mineral Resources Limited with a royalty interest to BCI Minerals. Under the terms of the agreement, Mineral Resources is obliged to pay BCI a minimum royalty of A$1.5 million per quarter, whether the mine is in production or not, with the former also footing the all cost of operations. In 2020, BCI Minerals agreed to share some of the expenses required allow the mine to continue to operate. The operations of the mine are part of various strategies of collaboration between larger operators in the region After mining and screening, lump and fines ore products are transported by road train to the Utah Point bulk Handling facility at Port Hedland.Mineral Resources Limited > Iron Valley mine
September 2015. Retrieved 9 July 2020. The mine has an annual ore production rate of 7 million tonnes, with a mine life of more than 10 years at the current rate. The mine has a camp at the nearby Phil's Creek location.

References

External links

MINEDEX website: Iron Valley
Database of the

Department of Mines, Industry Regulation and Safety The Department of Mines, Industry Regulation and Safety is a department of the Government of Western Australia. The department was formed on 1 July 2017, out of the former Department of Mines and Petroleum and Department of Commerce. A restr ...

Iron Valley Above Watertable Mining Project

Environmental Protection Authority of Western Australia The Environmental Protection Authority of Western Australia (EPA) is a statutory authority within the Government of Western Australia, established on 1 January 1972, which acts as the primary provider of independent environmental advice to the ...

{{DEFAULTSORT:Iron Valley Mine Iron ore mines in Western Australia Surface mines in Australia Shire of East Pilbara 2014 establishments in Australia