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The miner plans to export 21,000 metric tons of lead concentrate stockpiled at the currently idle Magellan mine, ahead of a planned restart of the operation in early 2010.
The Canada-based company had to shut Magellan in early 2007 after cases of lead poisoning in birds at the port of Esperance, and elevated levels of blood lead among local children. This prompted the state's environment agency to revoke the port's lead export license.
Ivernia is now railing the lead concentrate to Fremantle in sealed bags loaded into locked steel containers.
At full output, Magellan will produce about 2% of global lead supply.
-By Elisabeth Behrmann, Dow Jones Newswires; 61-2-8272-4689 elisabeth.behrmann@dowjones.com
(END) Dow Jones Newswires
09-29-09 2201ET
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