Iron Ore Holdings Limited announced the sale of its Phil’s Creek, Lamb Creek, and Yandicoogina Creek satellite tenement packages in the Pilbara region of Western Australia, to Process Minerals International (PMI), a wholly owned subsidiary of Mineral Resources Ltd
Iron Ore Holdings announced that it has commenced the tendering process for the development of the Company’s first mining development at its Phil’s Creek Project in the central Pilbara region of Western Australia. A conventional open pit mining operation at Phil’s Creek will supply up to 1.5Mtpa of iron ore over a project life of 5 years to Rio Tinto under a mine gate sale arrangement.