SIMEC Mining has gained approval for its new Iron Sultan and Iron Warrior Mines in South Australia.
The newly approved mining leases will see two new mines located in South Australia’s Middleback Range, they will also add to SIMEC Minings growing South Australian mine portfolio.
The Iron Sultan mine will supply the Whyalla steelworks while the Iron Warrior mine will produce 1.5 million tonnes of iron ore for export annually. It is expected that the Iron Sultan mine will develop a hybrid pellet feed plant which will see the price of making steel at the Whyalla blast furnace drop significantly.
South Australian Resources Minister Tom Koutsantonis spoke about the mines;
"Iron Sultan will play a significant role in reducing the costs of steelmaking at Whyalla steelworks, while Iron Warrior continues South Australia's role as a reliable iron ore exporter," he said.
"Approval of these two mines demonstrates the commitment of the new owner to develop its South Australian iron ore assets and create a more sustainable steelmaking business."
SIMEC Mining Director Sanjeev Gupta is managing an expanding portfolio of South Australian ventures. He has also invested in South Australian renewable energy company ZEN. Furthermore, he has flagged purchasing equipment from Adelaide’s former Holden factory as part of a plan to produce electric vehicles in the state.