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{{Infobox company |
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| name = Indiana Resources |
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| logo = |
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| ⚫ | ''' |
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| type = [[Public company|Public]] |
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| industry = Mineral exploration |
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| fate = |
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| traded_as = {{ASX|IDA}} |
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| predecessor = IMX Resources |
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| successor = <!-- or: | successors = --> |
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| founded = <!-- if known: {{Start date and age|YYYY|MM|DD}} in [[city]], state, country --> |
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| founder = <!-- or: | founders = --> |
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| defunct = <!-- {{End date|YYYY|MM|DD}} --> |
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| hq_location_city = [[Perth, Western Australia]] |
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| hq_location_country = Australia |
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| area_served = <!-- or: | areas_served = --> |
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| key_people = |
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| products = |
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| owner = <!-- or: | owners = --> |
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| num_employees = |
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| num_employees_year = <!-- Year of num_employees data (if known) --> |
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| website = {{URL|http://indianaresources.com.au/}} |
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}} |
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| ⚫ | '''Indiana Resources''' (formerly '''IMX Resources''' until 22 June 2016) is a dual-listed [[iron ore]] mining and base and precious metals exploration company based in [[Perth, Western Australia]]. The company was first listed on the [[Australian Stock Exchange]] on 17 August 1994.<ref>Australian Stock Exchange [http://arc2.morningstar.com.au/Stock/ASXProfile/IXR "Company Snapshot - IMX Resources Limited"] Accessed 24 November 2013.</ref> It changed its name to Indiana Resources Limited in 2016.<ref>{{cite web |url=https://www.investogain.com.au/company/imx-resources-limited |title=IMX Resources Limited |website=InvestoGain Australia |accessdate=24 September 2019}}</ref> When IMX's now-closed [[Cairn Hill mine]] commenced production in 2010 it became the first new South Australian iron ore mine in over a century.<ref> [http://www.theaustralian.com.au/business/china-cash-boosts-imx-resources/story-e6frg8zx-1225890962272 "China cash boosts IMX resources"] ''The Australian'', 13 July 2010. Accessed 24 November 2013.</ref> IMX was also the first Australian iron ore company to operate the rotainer bulk export system, which is now in use at a number of other sites around the country.<ref name=":1">Yahoo Finance [https://finance.yahoo.com/news/imx-resources-limited-cairn-hill-071900408.html "IMX Resources Limited: Cairn Hill Ships Four Millionth Tonne of Ore"] (2013-07-25) Accessed 24 November 2013.</ref> |
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==Cairn Hill Mining Operation== |
==Cairn Hill Mining Operation== |
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{{main|Cairn Hill mine}} |
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IMX |
IMX operated the Cairn Hill iron ore mine, located 55 km from [[Coober Pedy]] in [[South Australia]]. The product was shipped to [[China]]. Cairn Hill was a joint venture between IMX Resources (51%) and [[Sichuan Taifeng]] (49%).<ref name=":0">[http://www.imxresources.com.au/ IMX Resources website] Accessed 13 September 201a.</ref> |
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The Cairn Hill Mining Operation was commissioned in May 2010 and commenced production in December 2010. It was closed in 2014.<ref name=CairnHillclosure>[http://www.adelaidenow.com.au/business/cairn-hill-iron-ore-miner-imx-resources-to-close-south-australian-office-focus-on-tanzanian-exploration/story-fni6uma6-1227046288110 Cairn Hill iron ore miner IMX Resources to close South Australian office, focus on Tanzanian exploration] ''The Advertiser'', 3 September 2014. Accessed 4 September 2014.</ref> IMX shifted its focus to the Mount Woods Magnetite Project.<ref>[http://www.adelaidenow.com.au/business/imx-on-expansion-trail-at-cairn-hill/story-fni6uma6-1226768631320?net_sub_uid=6404163 "IMX on expansion trail at Cairn Hill"] ''The Advertiser'', 14 November 2013. Accessed 26 November 2013.</ref> |
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The Cairn Hill Mining Operation was commissioned in May 2010 and commenced production in December 2010. |
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From Cairn Hill, ore is trucked 58 km to the Rankin Dam rail siding, where it is loaded into specially designed open-top containers on a train for the 879 km journey to Port Adelaide. Next, the ore is stockpiled in containers, then loaded directly onto the ship through a rotating containerised ore loading facility. Cairn Hill supplies enough ore for two full shipments of 75,000 tonnes (a single [[Panamax]] class vessel per shipment) per month. Cairn Hill ore is sold to China where its relatively high copper value and the soft, coarse grained quality of the ore make it highly desirable to a range of customers.<ref>IMX Resources Ltd [http://www.imxresources.com.au/projects/mining/cairn-hill-sa-australia "Cairn Hill - IMX Resources Limited"] Retrieved 2013-11-24.</ref> |
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In July 2013, the Cairn Hill Mining Operation reached a milestone of 4,000,000 tonnes of iron ore exported.<ref name=":1" /> |
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As of November 2013, IMX is currently investigating ways to extend the life of the mine by at least 12 to 15 months, before shifting focus to the Mount Woods Magnetite Project.<ref>The Advertiser [http://www.adelaidenow.com.au/business/imx-on-expansion-trail-at-cairn-hill/story-fni6uma6-1226768631320?utm_source=The%20Advertiser&utm_medium=email&utm_campaign=editorial&net_sub_uid=6404163 "IMX on expansion trail at Cairn Hill"] (2013-11-14) Retrieved 2013-11-26.</ref> |
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==Nachingwea Regional Exploration Project== |
==Nachingwea Regional Exploration Project== |
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==Mount Woods Magnetite Project, South Australia== |
==Mount Woods Magnetite Project, South Australia== |
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IMX is actively exploring its Mt Woods Magnetite Project in South Australia, where it has identified the Snaefell Magnetite Deposit and a number of other substantial magnetite exploration targets. IMX is seeking to develop a |
IMX is actively exploring its Mt Woods Magnetite Project in South Australia, where it has identified the Snaefell Magnetite Deposit and a number of other substantial magnetite exploration targets. IMX is seeking to develop a 1.8-3.5Mtpa mining project at Snaefell utilising infrastructure from the now-closed Cairn Hill mine, and is presently seeking a cornerstone investor willing to fund the project development costs. IMX retains a pipeline of strategic investments and a portfolio of base and precious metal exploration assets in [[Australia]] and southern [[Africa]].<ref name=":0" /><ref name=CairnHillclosure /> |
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==References== |
==References== |
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<references /> |
<references /> |
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==<nowiki/>== |
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[[Category:Mining companies of Australia]] |
[[Category:Mining companies of Australia]] |
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[[Category:Mining in South Australia]] |
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Latest revision as of 03:23, 27 March 2024
 | This article needs to be updated. The reason given is: the company has moved on from what this article is about. (September 2019) |
| Company type | Public |
|---|---|
| ASX: IDA | |
| Industry | Mineral exploration |
| Predecessor | IMX Resources |
| Headquarters | , Australia |
| Website | indianaresources |
Indiana Resources (formerly IMX Resources until 22 June 2016) is a dual-listed iron ore mining and base and precious metals exploration company based in Perth, Western Australia. The company was first listed on the Australian Stock Exchange on 17 August 1994.[1] It changed its name to Indiana Resources Limited in 2016.[2] When IMX's now-closed Cairn Hill mine commenced production in 2010 it became the first new South Australian iron ore mine in over a century.[3] IMX was also the first Australian iron ore company to operate the rotainer bulk export system, which is now in use at a number of other sites around the country.[4]
Cairn Hill Mining Operation
[edit]IMX operated the Cairn Hill iron ore mine, located 55 km from Coober Pedy in South Australia. The product was shipped to China. Cairn Hill was a joint venture between IMX Resources (51%) and Sichuan Taifeng (49%).[5]
The Cairn Hill Mining Operation was commissioned in May 2010 and commenced production in December 2010. It was closed in 2014.[6] IMX shifted its focus to the Mount Woods Magnetite Project.[7]
Nachingwea Regional Exploration Project
[edit]IMX owns and operates the highly prospective Nachingwea Regional Exploration Project in south-east Tanzania, which includes the Ntaka Hill Nickel Sulphide Project. Nachingwea is a large tenement package, located approximately 200 kilometres from the port of Mtwara, with the potential to host multiple mineralised systems. Recent exploration has proven occurrences of high-grade and disseminated nickel and copper sulphides, gold and graphite.[5]
Mount Woods Magnetite Project, South Australia
[edit]IMX is actively exploring its Mt Woods Magnetite Project in South Australia, where it has identified the Snaefell Magnetite Deposit and a number of other substantial magnetite exploration targets. IMX is seeking to develop a 1.8-3.5Mtpa mining project at Snaefell utilising infrastructure from the now-closed Cairn Hill mine, and is presently seeking a cornerstone investor willing to fund the project development costs. IMX retains a pipeline of strategic investments and a portfolio of base and precious metal exploration assets in Australia and southern Africa.[5][6]
References
[edit]- ^ Australian Stock Exchange "Company Snapshot - IMX Resources Limited" Accessed 24 November 2013.
- ^ "IMX Resources Limited". InvestoGain Australia. Retrieved 24 September 2019.
- ^ "China cash boosts IMX resources" The Australian, 13 July 2010. Accessed 24 November 2013.
- ^ Yahoo Finance "IMX Resources Limited: Cairn Hill Ships Four Millionth Tonne of Ore" (2013-07-25) Accessed 24 November 2013.
- ^ a b c IMX Resources website Accessed 13 September 201a.
- ^ a b Cairn Hill iron ore miner IMX Resources to close South Australian office, focus on Tanzanian exploration The Advertiser, 3 September 2014. Accessed 4 September 2014.
- ^ "IMX on expansion trail at Cairn Hill" The Advertiser, 14 November 2013. Accessed 26 November 2013.