Iron Ore

Consmin, through a 50:50 joint venture with Fortescue Metals Group (FMG), has an interest in the Mindy Mindy iron ore development in the Pilbara region of Western Australia.

This development is currently in the feasibility stage, and has total current inferred, indicated and measured resources of approximated of 107Mt with an average iron content of 55.1%. Note, however, that there is an on-going dispute surrounding ownership of one of the tenements.