First magnetite rebate for Karara

KARARA Mining has received the first magnetite mining royalty rebate issued by the Western Australian government under a three-year program designed to ease pressure of the slump in the iron ore price.

First magnetite rebate for Karara First magnetite rebate for Karara First magnetite rebate for Karara First magnetite rebate for Karara First magnetite rebate for Karara

Karara received the rebate for its namesake project, east of Morawa in the state's Mid West, which opened in April 2013 and cost $A2.57 billion to construct.