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   Channar Iron Project

The Channar Mining Joint Venture is an unincorporated Joint Venture between Sinosteel Channar Pty Ltd, a wholly owned subsidiary of Sinosteel Australia Pty Ltd and Hamersley Iron Pty Ltd. The Joint Venture participants signed the Joint Venture Agreements in 1987 with Sinosteel Channar Pty Ltd holding 40% and Hamersley Iron Pty Ltd 60%.

The Channar mine is located 20kms east of Paraburdoo in Western Australia and commenced iron ore production in January 1990 and reached it’s design capacity of 10 million tonnes per annum in 1998. By the end of 2005 total production had reached 131 million tonnes. This production was sold to the Chinese steel industry. The Joint Venture will supply 200 million tonnes of iron ore to Chinese steel mills over the life of the project.

At the time of its commencement, the Channar Mining Joint Venture was one of the largest overseas investments between China and Australia. Channar was the first overseas mineral resource project entered into by a Chinese enterprise.  The project received considerable support from both Australian and Chinese Governments. It remains an important Chinese overseas project. At the time of its commencement, the Channar Mining Joint Venture was one of the largest overseas investments between China and Australia. Channar was the first overseas mineral resource project entered into by a Chinese enterprise.  The project received considerable support from both Australian and Chinese Governments. It remains an important Chinese overseas project.