Iron Ore Project in Western Australia
Ongoing Investment in Superior Iron Ore Assets in Western Australia
Through ITOCHU Minerals & Energy of Australia Pty Ltd, we are jointly running iron ore operations in Western Australia with BHP, one of the world’s largest mining companies.
2017 marked the 50th year in operation of Mt. Whaleback Iron Ore Mine, a key holding in this business. To celebrate, we invited major customers to a commemoration ceremony.
Since the start of production in 1969, the mine has met iron ore demand in Japan, China, and elsewhere in Asia as the world's largest open-pit iron ore mine.
Enabling the long-term extraction of high-quality ore, this mine has contributed to the stable supply of raw materials for the steel industry as well as economic development in Western Australia and the local community.
In 2018, we approved the development of the South Flank project.
The new project will sustain the supply capacity of our Western Australia iron ore business well into the future and raise the average iron grade and added value of the business.
Production from South Flank mine is expected to continue for more than 25 years. We aim to make the first ore shipment in 2021.
The Western Australia iron ore business, including the South Flank project, creates significant job opportunities in the local community. In harmony with surrounding communities, sustainable projects continue to be developed with careful consideration for the environment, health, and labor safety.
The core of the Metals & Minerals Company, the Western Australia iron ore business is planning to expand, increasing annual shipments to 290 million tons .
Going forward, we will continue to invest in superior assets that connect producers, local communities, and customers.