December 03, 2008

MCC begins construction of Sino Iron Ore Mine in Australia

It is reported that China Metallurgical Group Corp has begun construction of the Sino Iron Ore Mine at Cape Preston in Western Australia which is owned by Hong Kong's CITIC Pacific Ltd. The project is slated to be completed in August 2010

As per report under the contract, worth USD 1.11 billion MCC is to set up facilities, including a primary crusher, pellet plant, material handling system and a power plant.

MCC said the project will have annual capacity of 24 million tonnes of refined iron ore and 6 million tonnes of pellet which will be exported to China.

MCC entered into a construction contract with CITIC Pacific in January 2007 to design and construct the mine.