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This is an old revision of this page, as edited by Danimations (talk | contribs) at 11:29, 24 November 2013 (Added notable achievement 'first new South Australian iron ore mine in over a century' and referenced to national newspaper.). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

IMX Resources Limited (IMX) is a dual-listed iron ore mining and base and precious metals exploration company based in Perth, Western Australia (ASX/TSX ticker code: IXR). The company was listed on the Australian Stock Exchange on August 17, 1994.[1] When IMX's Cairn Hill mine commenced production in 2010 it became the first new South Australian iron ore mine in over a century.[2] 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.[3]

Cairn Hill Mining Operation

IMX operates the Cairn Hill Mining Operation, located 55 km from Coober Pedy in South Australia, which produces 1.8Mtpa of a unique coarse-grained magnetite-copper DSO (Direct Shipping Ore) product. The product is mined and crushed at site before being trucked and railed to Port Adelaide, where it is then shipped to China. Cairn Hill is a joint venture between IMX Resources (51%) and Sichuan Taifeng (49%).[4]

The Cairn Hill Mining Operation was commissioned in May 2010 and commenced production in December 2010.

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.[5]

In July 2013, the Cairn Hill Mining Operation reached a milestone of 4,000,000 tonnes of iron ore exported.[3]

Nachingwea Regional Exploration Project

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.[4]

Mount Woods Magnetite Project, South Australia

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 5-10Mtpa mining project at Snaefell 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.[4]

References

  1. ^ Australian Stock Exchange "Company Snapshot - IMX Resources Limited" Retrieved 2013-11-24.
  2. ^ The Australian "China cash boosts IMX resources" (2010-07-13) Retrieved 2013-11-24.
  3. ^ a b Yahoo Finance "IMX Resources Limited: Cairn Hill Ships Four Millionth Tonne of Ore" (2013-07-25) Retrieved 2013-11-24.
  4. ^ a b c IMX Resources website Retrieved 2013-11-24.
  5. ^ IMX Resources Ltd "Cairn Hill - IMX Resources Limited" Retrieved 2013-11-24.

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