A global mining business to supply raw materials for the Alliance’s demands and for third party supply
SIMEC’s South Australian Mining operations have a current run rate of approximately 10 million tonnes per year and are well-placed for an exciting future.
The mining business primarily operates in the Middleback Ranges, located 60 kilometres from Liberty’s integrated Whyalla Steelworks. These operations incorporate the Iron Baron, Iron Knob and South Middleback Ranges mine sites. They mine both hematite and magnetite iron ore which is respectively railed and piped to Whyalla. The majority of the magnetite is pelletised (c.1.3mtpa) and used within the steel works. The hematite ore (c.10mtpa) and excess magnetite is loaded onto ships for transport to a primarily Asian customer base. Total reserves and resources are just under half a billion tonnes.
The Alliance also owns a portfolio of non-ferrous mining assets located in South Australia. This includes the Ardrossan Dolomite Mine – which supplies dolomite flux to Liberty’s Whyalla Steelworks – as well as a collection of copper-gold exploration projects.