Tasmania Mines

What Tasmania Mines does

Tasmania Mines Pty Ltd is a privately held Australian mining company that has operated the Kara magnetite mine in North West Tasmania since 1978. The company extracts and processes natural magnetite ore from the Kara deposit into seven graded products (Weight Coat, Fine, Superfine, Maxifine, Ultrafine, and K-Max), and recovers scheelite (calcium tungstate) as a by-product of processing. The mine's resources exceed 20 million tonnes with a planned operational life of more than 25 years. The product portfolio serves industrial applications including dense medium separation for coal washing, high-density concrete aggregate, water treatment flocculants, foundry sands, Haber-Bosch catalyst production, automotive brake pads, and magnetic paints.

The company operates a purpose-built processing plant designed specifically for the Kara ore body to produce high-grade natural magnetite powders with minimal impurities. Production is carried out by a small workforce of approximately 60 locally based employees, with operational practices including 95% raw water reuse and non-acid generating overburden. Daily road transport moves product from the Kara mine site to the Port of Burnie, located 35 km away, where both bulk and containerized exports are shipped worldwide.

Revenue is generated through direct export sales to international customers and through a wholly owned subsidiary, Kara Magnetite Pty Ltd, which handles Australian domestic sales. Domestic distribution is supported by regional stock locations in Newcastle, Gladstone, and Mackay. Pricing is quote-based and not publicly disclosed. The company is privately owned with no institutional investment, parent company, or public listing, and has operated independently through commodity cycles since founding.

Name

Tasmania Mines

Legal name

Tasmania Mines Pty Ltd

Website

https://tasmines.com.au

Company type

Private

Founded year

1978

Operating status

Operating

Headcount range

101–250 employees

Short description

Tasmania Mines Pty Ltd is a privately owned Australian mining company operating the Kara magnetite mine in North West Tasmania since 1978, producing seven grades of natural magnetite powders plus scheelite by-product for global industrial markets including coal washing, water treatment, and construction.

Ownership category

akta.pro rank

Product category

Industrial Minerals (Magnetite and Scheelite)

NAICS

Iron Ore Mining (21221), Ground or Treated Mineral and Earth Manufacturing (327992)

SIC

Metal Mining (1000)

akta.pro primary industry

Iron Ore Beneficiation & Concentration (Crushing, Screening, Washing, Magnetic Separation) (IMAKAAAD)

Keywords

• Natural magnetite mining
• Industrial mineral processing
• Scheelite concentrate production
• Coal washing magnetite supply
• High density concrete aggregate

Headquarters

HQ city

Sydney

HQ country

Australia

HQ region

Oceania

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Supply Chain, Infrastructure

Revenue model

1. Magnetite product sales: Sale of seven grades of natural magnetite products (Weight Coat, Fine, Superfine, Maxifine, Ultrafine, K-Max) for industrial applications including high density concrete, coal washing, foundries, water treatment, catalysts, brake pads, and magnetic paints. Products sold directly to export customers and through Kara Magnetite Pty Ltd for Australian market.
2. Scheelite by-product sales: Scheelite (Calcium Tungstate) concentrates recovered as a by-product of magnetite processing operations and sold to customers worldwide.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels2 records

Core offering

Tasmania Mines extracts and processes natural magnetite from its Kara mine in North West Tasmania, producing seven graded magnetite products (Weight Coat, Fine, Superfine, Maxifine, Ultrafine, K-Max) for industrial applications including coal washing, high-density concrete, water treatment, foundries, catalysts, and brake pads. The company also recovers scheelite (calcium tungstate) as a by-product of magnetite processing and sells it globally to industrial customers.

Product overview

Tasmania Mines offers a portfolio of seven magnetite products plus scheelite (a tungsten mineral by-product) from the Kara mine. The magnetite product line ranges from Weight Coat Grade (coarse aggregate) through Fine, Superfine, Maxifine, Ultrafine, and K-Max grades (increasingly fine coal wash and water treatment applications), with iron content ranging from approximately 68% to 69% minimum and particle sizes from 0-9.5mm down to 99-100% at -53µm. The K-Max Grade represents the purest magnetite offering at 69% minimum iron content.

Differentiator

Problem solved

Functional benefit

Products and services

• Scheelite Scheelite (Calcium Tungstate) concentrate produced by Tasmania Mines as a by-product of magnetite processing at the Kara mine. Sold to industrial customers worldwide, with data/specifications available on request.
• Weight Coat Grade Magnetite High particle density magnetite following EN12620 and ASTM C33 gradation for concrete aggregates. Specifications: Moisture 3% typical, Surface saturated density 4.1-4.5 t/m³, Average particle density 4.5-5.1 t/m³, Particle size distribution 0-9.5 mm. Used for construction and concrete applications.
• Fine Grade Magnetite Coarser coal wash grade magnetite with proven track record in coal wash plants worldwide. Total Iron Fe: 68.00% min, Ferrous Iron Fe(2+): 20% min, Nominal range -53µm 85-90%, Magnetics 96% min.
• Superfine Grade Magnetite One of the most preferred coal wash grade magnetite products with proven track record in coal wash plants worldwide. Total Iron Fe: 68.00% min, Nominal range -53µm 92-95%, Magnetics 96.50% min.
• Maxifine Grade Magnetite Finest coal wash grade magnetite product, made only on request. Total Iron Fe: 68.40% min, Ferrous Iron Fe(2+): 20% min, Nominal range -53µm 98-100%.
• Ultrafine Grade Magnetite One of the most preferred coal wash grade magnetite products with proven track record in coal wash plants worldwide. Total Iron Fe: 68.40% min, Nominal range -53µm 95-98%, Magnetics 97% min.
• K-Max Grade Magnetite One of the purest grades of magnetite from the Kara mine operations, made only on request. Preferred product for water treatment flocculants and coagulants. Total Iron Fe: 69.00% min, Ferrous Iron Fe(2+): 20% min, Nominal range -53µm 99-100%, Magnetics 98% min, Mean density 4900 kg/m³ min.

Quantifiable outcome

• Mine resources exceed 20Mt with 25+ year planned mine life
• +3 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Kara Magnetite Pty LtdcoreChannel Partner/ Reseller/ DistributorKara Magnetite Pty Ltd serves as the exclusive domestic sales channel for Tasmania Mines products in Australia. While Tasmania Mines sells directly to export customers, Kara Magnetite Pty Ltd handles all customer sales within the Australian market, representing a dedicated channel partner arrangement for domestic distribution.

Scale indicators6 records

Recent moves4 records

Expansion highlights4 records

Broad incumbents

• Vale SA: Brazilian global mining major and one of the world's largest iron ore producers, with significant pellet and magnetite concentrate capacity. Comparable as a vertically integrated iron ore miner selling to global steel and industrial markets, though at multi-billion-tonne annual scale.
• Cleveland-Cliffs Inc. Largest flat-rolled steel and iron ore producer in North America, operating multiple magnetite mines in Minnesota and Michigan. Comparable as a major integrated magnetite miner serving steel and industrial markets, but at vastly larger scale and with downstream steelmaking integration.
• Fortescue Metals Group: One of the world's largest iron ore producers, operating multiple mines in the Pilbara region of Western Australia. Comparable as a major Australian iron ore exporter serving global steel markets, though focused on hematite rather than magnetite and operating at significantly larger scale.
• Rio Tinto Group: Global mining major operating iron ore operations in the Pilbara (Australia) and Simandou (Guinea). Comparable as a major iron ore producer with global export logistics from Australian ports, though focused on hematite at significantly larger scale.
• BHP Group: Global mining major operating iron ore assets in Western Australia (Pilbara) and Brazil (Samarco). Comparable as the world's largest iron ore producer, with comparable end markets for iron ore fines and concentrates, though serving primarily bulk steel customers rather than specialty industrial segments.

Direct peers

• Karara Mining Limited: Mid-West Western Australian magnetite concentrate producer (Ansteel joint venture). Directly comparable as an Australian magnetite concentrate miner selling into global steel and industrial supply chains, with similar concentrate product positioning.
• Almonty Industries: Western tungsten mining company producing tungsten concentrate from multiple projects including Sangdong (South Korea) and Panasqueira (Portugal). Comparable as a tungsten concentrate producer leveraging by-product and primary tungsten production, similar to Tasmania Mines' scheelite sales.
• Grange Resources Limited: Australian magnetite producer operating the Savage River mine in Tasmania and producing iron ore pellets. Closest geographic and product peer to Tasmania Mines — both Tasmanian magnetite miners selling to global steel and industrial markets from the same Australian state.
• Magnetite Mines Limited: ASX-listed Australian magnetite developer focused on the Razorback High Grade Iron Ore Project in South Australia. Directly comparable as a pure-play magnetite miner targeting steel and industrial markets, although at a much earlier development stage than Tasmania Mines' producing Kara operation.

Others

• Eriez Manufacturing Company: Global leader in magnetic separation, flotation, and mineral processing equipment. Comparable as an enabling technology provider for the magnetite processing industry — supplies equipment and processes used by Tasmania Mines and similar producers to upgrade and grade magnetite products.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/tasmania-mines-pty-ltd

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tasmania Mines