The Karara mine is a large iron mine located in the Mid West region of Western Australia. Karara has estimated reserves of 2 billion tonnes of ore grading 35.5% iron metal. It is one of the few magnetite producers in Western Australia. It is owned by Ansteel Group (52.16%) and Gindalbie Metals (47.84%).[1] The mine is operated by Karara Mining Limited.[2][3]
In 2011, steelwork for the Karara project was delayed by major floods in Thailand.[citation needed]
In 2014, production was increased by over 35% in the June quarter, with more than 2 million tons of iron ore being shipped. Despite the increase the project was still not making a profit.[4]
