 Waste brine is returned to the sea via a 3 km pipeline.The project started producing magnetite concentrate in late 2012 and the first shipment was exported to China in 2013.

, the project is owned by Chinese state-owned Hong Kong-based CITIC Limited and according to the company represents "one of China's largest investments into the Australian resources sector".On 15 July 2017 the private Cape Preston - Sino Iron Aerodrome [YCPR] was opened.