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Yilgarn Iron Ore Project Extension What’s down the track forum | 23 October 2014.

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Presentation on theme: "Yilgarn Iron Ore Project Extension What’s down the track forum | 23 October 2014."— Presentation transcript:

1 Yilgarn Iron Ore Project Extension What’s down the track forum | 23 October 2014

2 Outline 1. Economic benefits 2. New trains 3. Current production 4. MRL community support 5. Extension projects J4 Iron Ore Project J5 and Bungalbin East Iron Ore Project 6. Biodiversity Modelling 7. Yilgarn Iron Ore Project Extension Fly Thru MINERAL RESOURCES LIMITED | INTEGRATED MINING SERVICES | 23 OCTOBER 2014

3 Economic Benefits MINERAL RESOURCES LIMITED | INTEGRATED MINING SERVICES | 23 OCTOBER 2014 BenefitDirectFlow-onTotal Construction Output ($M) Value Added ($M) H’hold Income ($M) Employment (FTE) ,423 Operations (annual) Output Value Added ($M) H’hold Income ($M) Employment (FTE)4301,562 1,992 The YIOP Extension is a flagship project for MRL and will make an important contribution to the WA economy. A recent study by AECOM showed:

4 Current Production The Carina Mine produces at a rate of 4.6m tonnes (FY2013 production) Ore is transported via rail to Kwinana Bulk Terminal for export to Asian steel markets. Recent investment of $70 million in rolling stock to support existing and future Yilgarn operations Six new locomotives and 382 purpose-built stainless steel wagons Provides MRL with greater control over entire logistics chain from mine to port Will boost production from 4.6 to 5.4m tonnes MINERAL RESOURCES LIMITED | INTEGRATED MINING SERVICES | 23 OCTOBER 2014

5 Community Support MRL board insists on being a good corporate citizen, and recognises that a longer-term commitment is required to make a more sustainable and positive difference to those that need support the most. Shire of Yilgarn Yilgarn Bowling Club Goldfields Environmental Management Group Workshop Curtin University – Biodiversity Research Yilgarn Agricultural Show 3 year sponsorship agreements to support not-for- profit organisations in Western Australia MINERAL RESOURCES LIMITED | INTEGRATED MINING SERVICES | 23 OCTOBER 2014

6 YIOP Extension Projects Will expand and extend the life of the existing operation Comprises J4, J5 and Bungalbin East ore deposits Overall mining area is small, being about 380 hectares of BIF ranges once all mining is complete (including Carina) J5 and Bungalbin East are located in the Mt Manning and Helena-Aurora Ranges Conservation Park Mining will only ever occupy a small fraction of Yilgarn ranges but miners understand that some ridges are important areas of biodiversity MRL is committed to working with government to ensure that exploration and mining activities are done in an environmentally responsible manner MRL is committed to achieving a balance between conservation and mining of BIF, and seeks positive relationships with stakeholders and the community MINERAL RESOURCES LIMITED | INTEGRATED MINING SERVICES | 23 OCTOBER 2014

7 YIOP Extension – J4 J4 is located about 100km NNE of Southern Cross in the Jackson Range Ore will be transported 120km to crushing and train load-out facilities at Carina Environmental approvals are well advanced with construction scheduled to commence in Q MINERAL RESOURCES LIMITED | INTEGRATED MINING SERVICES | 23 OCTOBER 2014

8 YIOP Extension – J5 and Bungalbin East J5 and Bungalbin East are major iron ore deposits underpinning the YIOP extension The mining project has been referred to the EPA and awaits a decision on the level of assessment MRL is actively investigating opportunities to avoid, minimise and rectify potential impacts during the EIA process and in implementing the project MINERAL RESOURCES LIMITED | INTEGRATED MINING SERVICES | 23 OCTOBER 2014

9 Biodiversity Modelling Partnership with Curtin University’s Environmental Biology Group Investment in biodiversity research to increase the value and effectiveness of biodiversity data in the Southern Cross subregion Application of biodiversity models to integrate biodiversity and environmental data to better inform decisions from pre-mining to rehabilitation and closure Will benefit WA by building understanding of its biodiversity resources and showcase approach towards a more integrated resource development process. MINERAL RESOURCES LIMITED | INTEGRATED MINING SERVICES | 23 OCTOBER 2014

10 YIOP Extension fly-thru MINERAL RESOURCES LIMITED | INTEGRATED MINING SERVICES | 23 OCTOBER 2014

11 Questions? MINERAL RESOURCES LIMITED | INTEGRATED MINING SERVICES | 23 OCTOBER 2014


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