Macarthur Minerals Limited have confirmed the addition of a second high grade iron ore project to their WA operations, following an announcement via the stock exchange in Canada on Tuesday, February 20.
During the announcement, Macarthur Minerals president and executive chairman Cameron McCall said the company had a unique opportunity to extend mining in the region in the wake of news that Cleveland Cliffs would cease their Australian mining operations later this year.
In comments released on February 20, Mr McCall said the extension could help to secure hundreds of longterm jobs for those directly employed by the mines, plants and the Port of Esperance.
Mr McCall said the company’s ability to access the rail and port would provide an opportunity to fast track the projects to production.
“Without Macarthur Minerals’ iron projects, long-term viability of the Yilgarn iron ore region now comes under serious commercial question,” he said.
“We are working diligently to investigate ways of seamlessly keeping the long running Koolyanobbing Iron Ore operations in production for decades.
“We look forward to the government’s support in obtaining the relevant approvals.”