Cu-River unveils A$800m Cairn Hill magnetite expansion

Privately held Cu-River Mining Australia has announced an A$800-million expansion of the Cairn Hill magnetite mine, in South Australia. The investment would triple current magnetite production initially to three-million tonnes a year, and then up to 15-million tonnes a year by 2021, creating up to 1 300 additional jobs, South Australian Mineral Resources and Energy Minister Tom Koutsantonis announced this week.