THE RISING STARS OF IRON ORE

MAJOR IRON ORE PROJECTS ARE STARTING TO EXPAND OUTSIDE OF WESTERN AUSTRALIA, BUT DO THEY HAVE THE POTENTIAL TO SHAKE THINGS UP IN THE SECTOR?

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Australia’s iron ore sector has traditionally been dominated by Western Australia, but emerging projects and investments across the country are challenging the status quo.

New developments in South Australia, New South Wales, Tasmania and Queensland are diversifying Australia’s mining portfolio, boosting its competitive edge in the global market and advancing the transition to green iron production.

South Australia

The Razorback iron ore project, located in South Australia’s Braemar iron province, is a significant development managed by Magnetite Mines.

The site, located 240km north-east of Adelaide, is configured to produce five million tonnes of premium-grade magnetite concentrates suitable for green iron production per year.

Its strategic location provides access to existing infrastructure, including railways and ports, ensuring efficient export routes to international markets.

Magnetite Mines is also leading efforts to position SA as a major green iron supplier. Through the Green Iron SA consortium, the company is collaborating with industry partners to harness magnetite resources and renewable energy for low-emission steel production.

The company formally lodged a mining lease proposal (MLP) with the South Australian Department for Energy and Mining (DEM) for Razorback in March.

“We are delighted to have reached this critical milestone for Razorback, setting in motion the development pathway for our flagship project,” Magnetite Mines managing director Tim Dobson said.

“Our team and consulting partners have completed a comprehensive and high-quality MLP submission commensurate with the large-scale, long-life aspects of our future Razorback mine.