Gindalbie takes significant step with Oakajee Port pact

News was prepared under the information support of Online Daily Newspaper on Hellenic and international Shipping "Hellenic Shipping News".

31 Aug 2010

AAP reported that Gindalbie Metals Ltd has taken an important step towards realizing stage two of its Karara iron ore project, signing an initial agreement for the use of Oakajee deepwater port near Geraldton in Western Australia Gindalbie says it intends to ship iron ore from stage two of its Karara mine project in WA's mid west through the proposed Oakajee Port, signing a memorandum of understanding with Oakajee Port and Rail setting out the terms for a supply chain agreement.
Mr Garret Dixon MD of Gindalbie said that the Oakajee Port development was a key component of the company's long term vision for the Karara Iron Ore Project.
Mr Dixon said “The development of Oakajee Port will play a vital role in helping us realize the full potential of the Karara Project, providing us with the port infrastructure necessary to reach full production capacity under a future Stage 2 expansion.”
Gindalbie recently began work on stage one and expects initial production of 10 million tonnes per annum from mid-2011, to be exported through the Port of Geraldton.

Source: AAP