Strike hopes to start mining iron ore in Peru by 2009

Australia’s Strike Resources hopes to begin production of iron ore from a new mine in Peru in 2009. The initial operation could produce some 2m tonnes/year from scree and near-surface material at the company’s Cuzco project site.

The scree ore is largely high-grade magnetite, Strike says in a statement obtained by Steel Business Briefing. It is negotiating to use a nearby existing railway to transport the ore to the port of Matarani.

Strike is pursuing exploration work at Cuzco with the aim of delineating an orebody capable of producing 20m t/y. The company is also exploring deposits at Apurimac that could support an additional 20m t/y production.

The initial mine would be separate from these much larger-scale mining operations.

Publication: SBB - Steel Business Briefing
Provider: Steel Business Briefing
Date: October 15, 2007

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