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The Canada-based miner also said it expects to restart the 100,000-ton Magellan lead mine in Western Australia in early 2010.
At full capacity, Magellan will produce about 2% of global lead output.
The concentrate shipments will take five to six months to complete and will start in the third quarter.
"As the containerized shipments of the stockpiled material progress, we will continue planning for the restart of production at the Magellan mine, which is currently anticipated early in 2010," said Alan De'ath, Ivernia's president and chief executive.
Ivernia was forced to put Magellan on care and maintenance more than two years ago, after the government revoked its export license due to cases of lead poisoning at the Port of Esperance.
-By Elisabeth Behrmann, Dow Jones Newswires; 61-2-8272-4689 elisabeth.behrmann@dowjones.com
(END) Dow Jones Newswires
08-13-09 0401ET
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