Gina Rinehart plans to build a mine on her family’s cattle station in the Pilbara capable of producing 5 million tonnes of iron ore a year.
According to the West Australian, Rinehart’s Hancock Prospecting is seeking approval to develop a 5 million tonne operation on the Mulga Downs cattle station.
The mine would consist of a 2.5km open pit and would be located just 3.5km away from the Mulga Downs Homestead.
Hancock prospecting owns the Mulga Downs lease and manages the cattle station, and of the mine is approved it could be the first iron ore operation controlled solely by the company.
Rinehart's other major project, the planned 55mtpa Roy Hill mine, is 30 per cent owned by a consortium of Asian steelmakers, and the 50 per cent Hancock-owned Hope Downs mines are operated by Rio Tinto.
According to the company the proposed mine will have a five-year mine life, and if approved construction is set to start next year with first ore shipped in 2015.
The mine plans to transport ore via the Great Northern Highway to the rail line planned by Roy Hill, which would then carry the ore to Port Hedland.
The Mulga Downs pastoral lease also hosts the Cloudbreak mine owned by Fortescue Metals Group.