Tag: Gindalbie Metals

By Rachel Seeley SHARES in WA iron ore company Gindalbie Metals plummeted by close to 60 per cent following a mid-January announcement casting doubt on the company’s ability to continue operating. The uncertainty arose from an alleged staff announcement by Karara Mining, in which Gindalbie holds a minor interest, relating to the $2.5 billion Karara iron ore project. The WA project is held in joint venture between Gindalbie and Chinese steel producer Ansteel, and managed by Karara Mining. Gindalbie chairman Keith Jones responded to a memorandum allegedly circulated by Karara Mining chief executive Zhang Zhao Yuan advising that Ansteel would be unable to continue providing funding support to the Karara project. “As part of efficiency and cost reduction measures, Ansteel…

By Rachel Dally-Watkins 19 May, 2015 GINDALBIE METALS has nominated part of a pastoral station east of Geraldton, WA, for a proposed national radioactive waste management facility. The iron ore company, which holds a suit of tenements in the state’s Mid West region, including the Karara joint venture, nominated part of the 113,600 hectare Badja Station as a candidate site to store “intermediate level waste” and “low level waste created largely as a result of medical and other scientific procedures”. Gindalbie stated that it undertook a program of consultation with local communities and stakeholders prior to making the submission; however representatives from the Morawa Shire, which is about 70km from the site, claimed the proposal came as a surprise. “I…