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Extracting two and a half million tonnes of magnetite with an iron content of more than 60% each year from Cehegín, this is the goal that defends the End-Degree Work (TFG) in Mineral Resources Engineering as "viable and profitable" Energy of José F. García Del Real at the Polytechnic University of Cartagena (UPCT).

The project, which has been distinguished as the best of those presented last year by UPCT mining engineers, includes a financial analysis that predicts a "high return and low return period" for the necessary investment, which is estimated In about 51 million euros.

"As soon as international iron prices recover, which have fallen due to the crisis but which tend to rise, exploitation could be very profitable if a minimum reserve of 25 million tons is confirmed," maintains Garcia Del Real , Who has evaluated numerous mining projects around the world since 1998 when he completed his studies in Mining Engineering in the Polytechnic of Cartagena.

"The potential of the area is 100 million tons," adventure.

Magnetite deposits in Cehegín have already aroused the interest of a Canadian mining company, but this study is based on the UPCT student initiative and its TFG director, Professor Emilio Trigueros.

"In the preliminary studies, we had not thoroughly analyzed how to exploit the mineral, integrating in the project the transportation and use of the Port of Cartagena for the international commercialization of concentrated ore," says the author of the work.

The engineer by the UPCT has calculated the cost of road transport from the mine to Escombreras estimating this at about 15 cents per ton and kilometer, and considers that the costs could be reduced even more if the rail transport is used from Calasparra to the own dock.

"It is viable that the Port of Cartagena has its own railroad pier and would be very positive for the Region," adds Garcia Del Real.

"The nature of the reservoir, with deposits that surface, would facilitate the exploitation in open air and in different dimensions", adds the engineer by the UPCT, that has come to throw in his study the machinery that would have to be acquired, the shifts of Work on the mine, blasting and drilling required and to the storage and loading facilities at Escombreras.

Source: UPCT