“South Flank is Australia’s largest new iron ore mine in over 50 years and is on time and on budget. South Flank’s high-quality ore will increase WAIO’s average iron ore grade from 61 to 62%, and the overall proportion of lump from 25 to 30-33%,” BHP’s president of minerals Australia, Edgar Basto, said in a media statement. “South Flank’s ore will supply global steel markets for the next 25 years, helping to build electricity, transport and urban infrastructure across the globe.”
South Flank is said to be BHP’s preferred option to replace the 80 million tonne-a-year Yandi mine, which is reaching the end of its mine life.
According to Basto, the $3.6-million project has created over 9000 direct and indirect jobs during construction, and will provide more than 600 operational roles through its life with a workforce that includes 40% female and 15% Indigenous operational staff.
The executive also said that South Flank has a capital intensity of $45/t – approximately half of BHP’s last major iron ore project, Jimblebar.