Home Chinese Version  

history


Eyre Iron Pty Ltd is the management company for the Eyre Peninsula Joint Venture (EPJV) between partners Centrex Metals Limited (Centrex) and Wugang Australian Resources Investment Pty Ltd (WARI).


Wugang is a 100% owned subsidiary of Wuhan Iron & Steel (Group) co. (“WISCO”), China’s third largest steel producer. Centrex (ASX code CXM) was incorporated on the 23rd March 2001 and is an emerging iron ore producer holding a range of exploration licenses for the southern Eyre Peninsula.

The EPJV covers five exploration licences on the Southern Eyre Peninsula of which Centrex and WISCO hold the iron ore mineral rights, 40% and 60% respectively.

In December 2008 WISCO entered into a Heads of Agreement with Centrex for the iron ore mineral rights purchase. In July 2009 the two companies signed binding joint venture contracts to form the joint venture.

The joint venture gained approval from the Australian Foreign Investment Review Board in November 2009 and the transactions for the deal were finally completed and approved by the South Australian Mining Minister on the 7th of July 2010.

This date marks the official commencement of Eyre Iron’s operations. Eyre Iron immediately set about recruiting a team of geologists to commence exploration activities.

On the 28th of August 2010, less than two months after its official start-up, Eyre Iron held an exploration commencement ceremony to coincide with the first drilling operations at the Carrow Project. The EPJV hopes to establish 10Mpta of magnetite iron ore concentrate production from at least two mines.



TIMELINE


8 December 2008 Heads of Agreement signed for Joint Venture
20 July 2009 Detailed transaction documents signed
31 July 2009 Foreign Investment Review Board submission lodged
05 November 2009 Foreign Investment Review Board approval granted
07 January 2010 Permission for Agreements Granted by Mining Registrar
07 July 2010 Eyre Iron officially begins management of the joint venture
28 August 2010 Drilling program commences at Carrow



Timeline

 
 
History

Mr Qilin Deng, President of WISCO Group recently visited Australia
Pictured L to R: Mr Haiming Zhao Wugang Chief Finance Officer; Mr Lianchun Fu WISCO Group Chief Engineer; Mr Jim White Centrex Metals Chief Executive Officer; Mr Qilin Deng WISCO Group President Mr Graham Chrisp Centrex Metals Director; Mr Ben Hammond Eyre Peninsula JV Chief Operating Officer; Mr Chaoying Qi Wugang Managing Director
.
 
Exploration Commencement

Exploration commencement ceremony at Carrow in August 2010.
Wuhan Centrex