Published On : 11 May 2020
Nathan River Resources has gotten government approval to move the Nathan River Iron Ore Project to the next stage of development.
The latest grant of approval will allow the company to mine and export approximately one million tonnes of high-grade iron ore from its existing open pit mines.
In the coming months, the company’s local partners and suppliers will refurbish the project’s pit and port infrastructure to ensure it is ready for use later this year.
Operations will commence in the third quarter of 2020 and create over 250 full time roles across various functions including mining, haulage, marine and support.
“The Nathan River project is a significant mining operation for the Northern Territory, with over $250 million spent on infrastructure to date to open up iron ore mining and employment opportunities for Territorians and the Roper region”, said Nathan River Resources CEO Stefan Murphy.1
Nathan River Resources, a British Marine Group owned company, took over the mine in 2017 after its previous owner went into liquidation. In 2018 they then received approval to re-open the mine, process low-grade iron ore, and ship existing stockpiles.
Northern Territory Minister for Primary Industry and Resources Paul Kirby welcomed the investment by saying, it is a boost for the local resource sector, economy, and people.1
Get the latest industry and project news by following our Facebook Page.