Mitsui & Co., Ltd.("Mitsui") announced today that it will invest US$297 million through its 100% subsidiary Mitsui Iron Ore Development to develop Mesa A / Warramboo mine in the Pilbara region of Western Australia.
Total reserves of high grade iron ore across the Mesa A / Warramboo deposits are estimated at 249 million tons. The new mine will have a full scale capacity of 25 million tons per annum and is expected to start production in 2010. The total mine life of Mesa A is expected to be 11 years. With this addition, total production of Robe Valley pisolite ore will be maintained at 32 million tons per annum. A 49-kilometer rail extension will connect the new mine to the existing rail network.
The project capital cost is estimated at US$901 million.
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