Gindalbie Metals Limited has made the first magnetite concentrate shipment from its Karara Iron Ore Project in Western Australia.

The 55 thousand tonne shipment was completed on New Year’s Eve and set sail yesterday bound for China.

Gindalbie said that commissioning of the Karara Concentrator plant is progressing well, with production rate and concentrate quality increasing alongside its ramp up plan which was developed months ago.

The Iron Ore Company said that the efficiency of its Karara logistics chain continues to perform efficiently and above expectations. Gindalbie Metals reported a USD 27.2 million loss in the 2012 financial year.