The miner is looking to “benefit from the premium for high-grade ores sought by steelmakers in China and other parts of the world” once sales commence.
Mining operations at the Koolan Island project were halted in October 2014
after a section of the mine’s seawall collapsed and caused flooding. Repairs to reinstate the mine’s operations began in 2017.
The Koolan Island project boasts an iron ore reserve of 21 million tonnes, with an...