January 2019 - The Australian Mining Review
Page content transcription ( If your browser does not render page correctly, please read the page content below )
MINING REVIEW THE AUSTRALIAN PP100007123 JANUARY 2019 australianminingreview.com.au A product of Publications & Exhibitions Australia Pty Ltd COMMODITY RECORD TONY BELPERIO FOCUS: AFTER MINOTAUR GRAPHITE RECORD EXPLORATION NEWS GEMCO IN THE SPOTLIGHT p20 p42 p62 MAJOR COMMODITIES SNAPSHOT p4 CHARGING AHEAD Image: Alliance Mineral Assets. The owners of the Bald Hill lithium mine in WA – Tawana Resources and Alliance Mineral Assets – have merged to elevate their status in the global battery metals market. FEATURE p22 08 9454 2699 Ross 0448 944 282 ON TIME, IN NO TIME, EVERY TIME. Brad 0488 944 262 Leasa 0419 819 521 Whatever the time, no matter what it is, or where it’s going, we will get it there. Danni 0418 944 282 danannihaulage.com.au
2 CONTENTS JANUARY 2019 THE AUSTRALIAN MINING REVIEW NEWS BRIGHT PUBLISHED BY Commodities Snapshot 4 ABN 28 112 572 433 A product of IDEAS Explorers on the Move 10 Publications & Exhibitions Australia Pty Ltd The Contractors 12 GENERAL MANAGER Technology & Innovation 14 Brad Francis email@example.com International 16 MANAGING EDITOR Projects Update: 2019 18 Elizabeth Fabri firstname.lastname@example.org Commodity Focus: Graphite 20 JOURNALISTS Amy Blom email@example.com FEATURES Emma Davies firstname.lastname@example.org Bald Hill Lithium Mine 22 Fitzroy Australia Resources p26 GRAPHIC DESIGNER St Barbara 24 Charlotte Lufino email@example.com Fitzroy Australia Resources 26 SALES EXECUTIVE Aeris Resources 29 GOING FOR Penny West, Biliana Harman PRINTER Greenbushes Mine Newmont Tanami 31 35 GOLD Rural Press CONTACT US P: (08) 6314 0300 F: (08) 9481 7322 Arafura Resources 37 160 Beaufort Street, Perth, WA 6000. PO Box 8023, Perth BC, WA 6849. Roseberry Mine 40 E-mail the editor at firstname.lastname@example.org GEMCO 42 For all other emails to staff, the standard convention is, first name (only) @miningoilgas.com.au The Australian Mining Review is a free publication to all mine sites and mining companies in Australia. Its value is $11 an issue. (Includes GST, postage and handling). The copyright is vested in the Proprietors of The Australian Mining Review; neither whole nor any part of this issue may be reproduced without permission. The views expressed in this publication are not necessarily those of Miningoilgas Pty Ltd and its staff, but are those of the respective author who accepts sole responsibility and liability for them. INDUSTRY FOCUS NOTICE TO ADVERTISERS: The Trade Practices Act, 1974 came into force on the Companies Gearing Up 44 Newmont Tanami p35 1st October 1974. All advertisers and advertising agents are directed to carefully study the provisions of the Act, which contain strict regulations on advertising. It can be an offence for anyone to engage, in trade 4WD Training 46 or commerce, in conduct deemed “misleading or deceptive”. Specifically s53 of the Act contains prohibitions from doing any of the following in PILOTING FOR Communications Solutions 47 connection with the promotion, by any means, of the supply or use of goods or services: (a) falsely represent that goods are of a particular Cranes & Lifting Solutions 49 standard, quality, value, grade, composition, style or model or have had a particular history or particular SUCCESS previous use; (b) falsely represent that goods are new; (c) represent that goods or services have sponsorship, Dredging Solutions 51 approval, performance characteristics, accessories, uses or benefits they do not have; (d) represent that the corporation has a sponsorship, approval or affiliation Dust Control 55 it does not have; (e) make a false or misleading representation with respect to the price of goods or services; (f) make a false or misleading representation concerning the need for any goods or services; or (g) Excavators & Earthmovers 58 make a false or misleading representation concerning the existence, exclusion or effect of any condition, warranty, guarantee, right or remedy. Ice Machines 59 PENALTIES: For an individual — $10,000 or six months imprisonment Plastic Fabrication 60 For a corporation — $50,000. It is not possible for this company to ensure that advertisements published in this newspaper comply with the Act and the responsibility must, therefore, be on the person, company or advertising agency submitting the advertising for publication. In case of doubt, consult IN THE SPOTLIGHT: your lawyer. MINOTAUR EXPLORATION EXECUTIVE DIRECTOR BUSINESS DEVELOPMENT TONY BELPERIO p62 Arafura Resources p37 DUST & WEATHER INSTRUMENTS FOR REGULATORY MONITORING IN REMOTE, HARSH & AGGRESSIVE ENVIRONMENTS. www.thomsongroup.com.au
Engineered for safety, trusted by professionals Beware of cheap imitations. Use genuine Skipper™ products for your on-site safety. Perfect for mining operations, Skipper’s multi-surface, multi-functional safety products are tried, tested and used by safety professionals across the world – since 2005. Protect your workforce and the For outdoors public from hazardous areas around mining projects with Skipper. As well as attaching to Skipper’s posts, you can attach the 9m retractable Skipper unit to any standard traffic cone. Skipper’s wide range of accessories also allow you to wrap around pillars, attach to magnetic surfaces, screw to walls, clamp to racking, and suction to For indoors high gloss and glass surfaces. Contact Skipper™ or visit our website for information, and delivery across Australia & New Zealand. visit skippertm.com For waste & safety email email@example.com
4 COMMODITIES SNAPSHOT JANUARY 2019 THE AUSTRALIAN MINING REVIEW MAJOR COMMODITIES SNAPSHOT GOLD $US/oz IRON ORE $US/t 62% Fe CFR China 1260 76 75.27 The iron ore price Gold prices hit a 1250 74 five-month high of suffered losses $US1250 per 1240 72 during the month, ounce in early December due to a 1230 1218.10 1248.72 70 66.76 sparked by further signs of a 1220 70.49 weaker US dollar, 68 slowdown in but later fell amid 1210 Chinese steel 1203.94 66 production early in Brexit vote 1200 uncertainty. 64 December. 1190 1180 62 Oct Nov 07-Dec Oct Nov 07-Dec COPPER $US/t LME Price COBALT $US/t LME Price 6350 70000 6325.06 62499.95 Copper prices 6300 Cobalt enjoyed a 60000 climbed above modest price $US6300/t in 6250 6200 6172.94 50000 50249.96 rebound following December before a month of slow slipping back down 6150 40000 55250.05 trades and to $US6172/t as 30000 aggressive buyer Chinese import 6100 bidding. 6083.44 20000 data strengthened 6050 worries about 6000 10000 demand growth. 5950 0 Oct Nov 07-Dec Oct Nov 07-Dec ALUMINIUM $US/t LME Price ZINC $US/t LME Price 2060 2750 Aluminium prices 2045.01 Zinc rose on 2040 rallied slightly in 2020 2700 2677.07 persistent supply 1961.89 December but tightness and 2709.04 2000 2650 analysts remain 1980 positive trade talks cautious, 1960 2600 between the US forecasting global and China, having 1940 oversupply during 1933.89 2550 picked up from an 1920 the first quarter of 2548.10 overall decline in 2019. 1900 2500 metals prices in 1880 November. 1860 2450 Oct Nov 07-Dec Oct Nov 07-Dec LEAD $US/t LME Price NICKEL $US/t LME Price 2060 13000 2037.07 12710.09 The lead price saw 2040 Nickel prices 2020 12500 some recovery in continued to mid-November, 2000 1980 1964.98 12000 tumble in line with reaching a declining Chinese three-month high 1960 11500 11290.09 10815 steel demand. of $US2000/t 1940 11000 Analysts anticipate before settling at 1920 the downward the $US1964 mark 1900 10500 trend will continue 1880 1910.09 mid-December. 10000 into 2019. 1860 1840 9500 Oct Nov 07-Dec Oct Nov 07-Dec COMMODITY FOCUS GRAPHITE PG 20
6 NEWS JANUARY 2019 THE AUSTRALIAN MINING REVIEW IN BRIEF Kidman settles Mt Holland dispute EPA approves Mt Keith project WA THE Environmental Protection Authority (EPA) has approved BHP Billiton Nickel West’s proposed Mt Keith Satellite project near the existing Mt Keith nickel operation, 80km north of Leinster. The proposed mine would produce about 9.6 million tonnes of nickel ore a year for potential use in lithium batteries and was expected to extend the life of the Mt Keith nickel operation by 12 years. “Nickel West demonstrated appropriate engagement with traditional owners during the design of the mine site and developed suitable management procedures for impacts to flora and Image: Kidman Resources. vegetation including avoidance of Mt Holland’s Earl Grey resource is one of the world’s most significant hard rock lithium deposits. clearing in the Wanjarri Nature Reserve,” EPA chair Dr Tom Hatton said. owner’s expenditure shortfall was $102,771, director and chief executive Martin Donohoe ELIZABETH FABRI which it said “was not material in the said. Refinery WA context of the opportunity that the Mt Holland project represents for all relevant Kidman said the specific terms of the settlement were confidential and “not expansion to KIDMAN Resources and Sociedad Quimica y Minera de Chile’s (SQM) Mt Holland JV stakeholders”. On 10 December, the miner executed a material” to Kidman. In June, Kidman made headlines as the project has the green light to move forward boost economy now a dispute over key tenements has been resolved. deed of settlement with the objectors which “resolved the matter completely”, and all first Australian miner to sign an offtake agreement with Elon Musk’s Tesla. forfeiture applications would be dismissed. The binding agreement would see QLD The dispute involved 13 key tenements “With the settlement concluded, funding the miner supply lithium hydroxide to at the project, where insufficient capital secured through to final investment decision the electric vehicle maker over an initial A $300 million expansion of the Sun had been invested in site exploration under and our recent lithium hydroxide offtake three-year term on a fixed price, take-or-pay Metals Zinc Refinery (SMC) is set to Government regulations before Kidman agreements with Tesla, Inc. and Mitsui basis. bring hundreds of jobs to North QLD. acquired the project in 2016. To date, Kidman and SQM have invested & Co. Ltd, we will be able to wholly focus QLD Premier Annastacia Palaszczuk In September, Kidman announced it had on progressing the development of the Mt more than $55 million in the Mt Holland said the newly announced expansion received notification from the Perth Mining Holland lithium project, secure further project, which was expected to create about would increase zinc production to about Warden that applications for exemption strategic offtake agreements with key global 700 jobs during construction and 300 full 220,000 to 270,000 tonnes per year, and from minimum expenditure on the relevant partners and continue our discussions in time positions during operations. was great news for North QLD and for tenements be refused. relation to the provision of debt facilities with WA Government royalties were also Sun Metals Corporation. Kidman’s assessment of the previous prospective lenders,” Kidman managing expected to be in excess of $1.7 billion. “This is a huge day for Townsville Adani pushes ahead with Carmichael mine and the surrounding region because the expansion is expected to support an estimated 350 jobs during construction, and there will be around 100 additional permanent refinery and logistic workers AMY BLOM once operational,” Ms Palaszczuk said. QLD Sun Metals’ refinery expansion was expected to commence immediately, and A LAST minute legal bid will not prevent was expected to be complete by the first Adani Australia from pushing ahead with half of 2021. the construction of its Carmichael mine in central QLD, with the company opening expressions of interest on 4 December. ‘Mega’ steel The Indian energy giant announced it would 100 per cent finance the scaled-down plant on cards mine and rail project on 29 November, opening it up to begin construction before for Whyalla Christmas. Adani Australia chief executive Lucas SOUTH AUSTRALIA Dow said work in recent months had culminated in the miner’s approval of the revised project plan that de-risked the GFG Alliance executive chairman initial stages of the mine and rail project Sanjeev Gupta has unveiled plans to build a ‘Next-Gen’ steel plant in Whyalla by adopting a narrow gauge rail solution that will be the largest in the world. combined with a reduced ramp up volume for the mine. Image: Adani. The plant would be capable of “This means we’ve minimised our Adani Australia chief executive Lucas Dow made the announcement at the Bowen Basin Mining Club. producing 10 million tonnes per annum, with the ability and infrastructure to execution risk and initial capital outlay,” activists launched a legal challenge to a Carmichael project, and we will do so in line eventually double capacity. Mr Dow said. Federal Government decision to bypass an with our approvals, along with the strict “Using the most advanced “The sharpening of the mine plan has impact assessment of planned water use by regulations and legislation that govern technologies and our own local resources, kept operating costs to a minimum and Adani, in a bid to prevent construction of our Australian resources industry,” the we will aim to be one of the most ensures the project remains within the first the mine, which has become a lightning rod spokesperson said. competitive steel producers globally,” Mr quartile of the global cost curve.” for environmental activists. “Adani has been through a rigorous Gupta said. Mr Dow said Adani would now begin However an Adan spokesperson said the and strict approvals process over the last “Thousands of job opportunities will developing a smaller open cut mine legal action would not stop construction, eight years and we have met all of those be created throughout the construction comparable to many other QLD coal mines, and that Adani did not need the North requirements. phase and from the plant’s ongoing and would ramp up production over time to Galilee Water Scheme finalised to begin “Accordingly, we now expect that we operations.” 27.5 million tonnes per annum. work on the project. will be treated no differently to any other The following week, environmental “Adani will continue to deliver the Australian miner.”
8 NEWS JANUARY 2019 THE AUSTRALIAN MINING REVIEW Albemarle to FMG launches higher grade iron ore acquire 50pc of Wodgina EMMA DAVIES WA MINERAL Resources (MinRes) has agreed to sell a half-share in its Wodgina lithium project to US group Ablemarle Corporation for $US1.15 billion. Under the deal, Albemarle would acquire a 50 per cent interest in all mineral rights within the Wodgina tenements other than iron ore (which will be retained exclusively by MinRes) and tantalum (which remain held by Global Advanced Metals Greenbushes), as well as all fixed infrastructure and utility FMG’s West Pilbara Fines product at its Pilbara operations. assets, the spodumene concentrate plant in December, both into China to established Ms Gaines said. and the mobile mining equipment. ELIZABETH FABRI WA large steel mill customers,” FMG chief “Fortescue’s wholly owned, integrated The two companies would form a 50:50 operating officer Greg Lilleyman said at a mining operations and infrastructure, Joint venture (JV), which would include media briefing. together with our innovative processing and a jointly funded, designed, built and FORTESCUE Metals Group (FMG) will The introduction of West Pilbara Fines blending strategy, provides us the flexibility operated lithium hydroxide plant. wave off its first two shipments of higher came at an opportune time for the company, to deliver West Pilbara Fines before full The Wodgina project was expected to grade 60.1 per cent West Pilbara Fines iron ore in December to customers in China. which had experienced wider-than-normal scale production begins on completion of the produce up to 750,000tpa of 6 per cent discounts in recent years for its lower grade Eliwana development.” spodumene, which would be used as The new product is a higher iron, low 58 per cent iron ore. The investor and media tour also feedstock for the plant once constructed. alumina ore blended from its Firetail mine and the western pits at its Cloudbreak mine However, the miner remained confident highlighted FMG’s advances in automation The first stage was expected to produce in the Pilbara. the gap between prices received for lower and across its operations. at least 50,000tpa of battery grade lithium hydroxide and the second stage FMG said it planned to ship between 5 higher grade ore was beginning to narrow. The miner was currently converting was expected to convert the remaining and 10 million tonnes of the WPF product FMG chief executive Elizabeth Gaines its existing fleet of haul trucks with volume of spodumene concentrate to in FY19, which will grow to 40mtpa once said the new product would enable FMG to Caterpillar’s ‘Cat Command’ autonomous battery grade lithium hydroxide — with its Eliwana mine enters production in offer a more flexible product mix. haulage technology. expected production at about 100,000tpa. December 2020. “Innovation in process and design is a “The 789D is the 35th manned truck to MinRes managing director Chris At a recent media and investor tour, key component of Fortescue’s strategy to be converted to autonomous at Christmas Ellison said there was an extremely good FMG took visitors to its port, rail and efficiently and effectively deliver products Creek, demonstrating our progress to fit between the corporate cultures and Chichester Hub operations to view the West from mine to market and the introduction of becoming the only iron ore operation in the skillsets of both businesses. Pilbara Fines stockpiles. West Pilbara Fines will further enhance the world to have a fully autonomous haulage “Our proven local Western “We’re expecting a couple of shipments range of ores available for our customers,” fleet,” Ms Gaines said. Australian capability is extremely well TNG to raise $850m for Mount Peake complemented by Albemarle’s proven technical downstream processing expertise and their international marketing capabilities in lithium and other energy storage minerals,” Mr Ellison said. AMY BLOM Image: TNG Limited. “Our organisations share the same NT vision to develop Wodgina, a tier one asset, as a world class, 30-plus year TNG Limited has appointed a German integrated lithium operation together. company to raise $850 million for the “I am confident that with MRL and development and construction of its Mount Albemarle working together at Wodgina, Peake project. we will produce and supply high-quality, KfW IPEX-Bank would start a mandate competitively priced lithium products for the funds on 15 January. into the market to meet increasing global TNG managing director Paul Burton requirements for these important energy said the company was one of the leading storage products.” export and project banks worldwide. “We now look forward to working closely with KfW IPEX-Bank to progress the full financing package for the Mount Peake project expeditiously, with a view to achieving financial close as soon as possible and getting on with the job of constructing this major new Australian resource project,” Mr Burton said. According to Mr Burton the decision followed extensive reviews and meetings in Europe and Singapore. It came less than a month after the Images: Mineral Resources. A rig at TNG’s Mount Peake project. Northern Territory Government granted the company a mineral lease for Mount announcements over the past few months, over a two year period, with an estimated Peake, 235km north of Alice Springs. including the signing of a Native Title mine life of 17 years. The mine, granted major project status Agreement. The new mine would produce a by the NT Government, had the potential “With these important milestones now vanadium, titanium and iron concentrate to create up to 500 jobs during construction, complete, and subject to finance, this will that TNG intended to transport by rail and between 175 and 250 ongoing roles now lead to a significant project going during operation. to a proposed new metals processing into production in the NT with long-term employment opportunities,” Mr Burton facility being planned for the Middle Arm Following the mineral lease being said. Industrial Precinct in Darwin. granted, Mr Burton said the company The project will be jointly funded, designed, built was rapidly ticking off the boxes towards Subject to further operational approvals, Subject to approvals, TNG expected and operated by both companies. the Mount Peake development, with key TNG aimed to begin construction in 2019 construction of the refinery to begin in 2020.
FOLDED & AMOC NOW AVAILABLE FROM RADIATORS & SEALS • AFTERMARKET COMPONENTS • SUITS CATERPILLAR For more reliable cooling and less downtime, choose radiator cores and seals with • SUPERIOR TO OE DESIGN advanced design features. These products are engineered to deliver • AUTHORISED DISTRIBUTOR maximum service life in the most demanding applications. If you’re looking for superior performance, then you’ll find it with these high quality Micon and Procore products. Available from Adrad Stockists including or contact Adrad ISO 9001:2015 Quality Certified AU602-QC Adrad is a Quality Accredited ® 1800 069 610 Manufacturer and Supplier. adradradiators.com.au Customised Switchboard Specialist Any Switchboard for Any Mine We understands that every mine is unique and we match that up with tailor made heavy duty switchboards for every mining application • Temporary Power • Control Panels Boards • Main Switchboards • Distribution Boards • Motor Control Centers Visit us us www.electricalswitchboards.com.au Send your switchboard inquiries to firstname.lastname@example.org or call 1300DARASW
10 NEWS: NEWS EXPLORERS ON THE MOVE JANUARY 2019 THE AUSTRALIAN MINING REVIEW IN BRIEF Vimy defines uranium corridor New projects Image: Vimy Resources. benefit from exploration grants QLD ALMOST $2 million is up for grabs as part of the QLD Government and industry’s Collaborative Exploration Initiative, which aims to encourage explorers to uncover minerals in the State’s remote, resource-rich North West. QLD Mines minister Dr Anthony Lynham said 15 new exploration projects, powered by 12 companies, would be bolstered by the latest round of collaborative exploration grants. “Queensland is investing in exploration,” Dr Lynham said. Proponents would receive up to half of the direct activity costs of their projects to a maximum of $200,000 and will get an additional incentive of 75 per cent, or up to $300,000, if they can finalise projects by August 2019. Drilling at Such Wow. High-grade AMY BLOM executive Mike Young said the sheer size of uranium mineralisation and help to build a the prospect was remarkable. pipeline of projects.” NT mineralisation at “The combination of surface alteration and According to Vimy, Such Wow was a structural features, along with significant stand-out exploration target due to the Southern Nights VIMY Resources has defined a large uranium corridor at its Such Wow prospect, uranium anomalism in our last drill hole, reinforces its potential,” Mr Young said. overall size of the structural corridor – more than five times the size of the Angularli which is part of its Alligator River project in prospect – with thin sandstone cover NSW “Our exploration team has over 20 the Northern Territory. and surface expressions of hydrothermal years of combined uranium experience in According to Vimy, first pass reverse Arnhem Land and they have never seen a alteration associated with uranium PEEL Mining has announced circulation (RC) drilling at the prospect clear-cut surface expression of potential mineralisation. high-grade zinc-lead assays at its 100 intersected the uranium hosted Cahill uranium mineralisation as was mapped at Such Wow was within the King per cent owned Wagga Tank project, formation in all six holes. the Shiba Zone about 120 metres above the south of Cobar in western NSW. River-Wellington Range joint venture, which Key targets were identified along major unconformity. Vimy had a 75 per cent stake in, and Rio The Wagga Tank project, which fault zones with extensive alteration haloes. “We’re confident that future drill Tinto Exploration had the remaining 25 per included the Southern Nights prospect, was emerging as one of the most Vimy managing director and chief programs at Such Wow will prove up more cent. Galileo strikes more cobalt significant zinc polymetallic discoveries in Australia in recent years, with results including 18.2 metres at 40.3 per cent zinc, 15.7 per cent lead, 0.97 per cent copper, 356 grams per tonne silver, and 2.77 grams per tonne of gold from 182 metres. AMY BLOM Image: Galileo Mining. WA MARK Creasy-backed Galileo Mining is a step Intermin and closer to developing a commercial cobalt mine in WA’s goldfields region, after announcing MacPhersons to a new 4100 tonne cobalt resource within its Norseman project. merge The Maiden JORC 2012 Inferred Resource for the Goblin prospect recorded 4.9 million WA tonnes at 0.08 per cent cobalt for 4100 tonnes of contained cobalt. JUNIOR Goldfields-focussed explorers With the addition of the Goblin prospect, Intermin and MacPhersons have agreed the global resource base of the Norseman to merge to form a new gold company, cobalt project now stood at 25.1 million tonnes Horizon Minerals. at 0.11 per cent cobalt (at a 0.06 per cent cobalt Under the merger, the company cut-off) for 26,600 tonnes of cobalt and 122,400 would have a combined mineral tonnes of nickel. resource of 1.15 million ounces with a Galileo managing director Brad Underwood 100 per cent interest in the Boorara gold said the new JORC resource at the Goblin Reverse circulation drilling at Galileo’s Norseman cobalt project. project and the Nimbus project which prospect validated the company’s strategy adding further resources with our exploration JORC resources at Norseman. contained gold, silver and zinc, as well of building up the project’s resource base and resource extension drilling programs as several active joint ventures. In early December the explorer announced while undertaking metallurgical test work to planned for 2019.” “Combining MacPhersons’ large metallurgical test work results had understand the most efficient method of metal The Goblin prospect was 3km south of demonstrated up to 95 per cent cobalt metal baseload Boorara deposit with the extraction from those resources. nearby, higher-grade Intermin projects Galileo’s main resource at Norseman and had extraction and 66 per cent nickel metal should enable a more rapid pathway to “The Goblin resource is a great result and an identified strike of cobalt mineralisation of extraction from Norseman project concentrate production with sufficient scale to avoid confirms our belief that significant zones of more than 2km. samples. the need for third party toll milling,” cobalt mineralisation occur outside of our According to Galileo, the cobalt Mr Underwood said the results showed Intermin managing director Jon Price current JORC resources,” Mr Underwood said. mineralisation occured at shallow depths of that Galileo was making substantial progress said. “We are confident that this continues to be between 12 metres and 60 metres and was towards understanding the best way to extract the case and look forward to the opportunity of consistent in style with the company’s existing cobalt and nickel from its Norseman resources.
tep 2ortation S ransp T B lk St Storage Bu ulk ep Step 1 3 Manufacturing Step 6 Maintenance Road Ste tablish tion Es pa 4 p e ra p St Pre 5 m en t ad Ro Step 1 Step 2 Manufacturing Bulk Transportation B St Storage ulk ep 3 Step 6 Road S ablishm Maintenance Est tep tion pa 4 e ra 5 ent p St Pre ad Ro Australian Mining review_FP DEC018_FA.indd 1 3/12/18 2:45 pm
12 NEWS: NEWS THE CONTRACTORS JANUARY 2019 THE AUSTRALIAN MINING REVIEW IN BRIEF Veterans transition to mining jobs Isaac plains mining work extended QLD NRW Holdings’ subsidiary Golding Contractors has reached agreement with Stanmore Coal for a five-year extension to its current contract for mining services at Isaac Plains East open cut coal mine in QLD. The value of this award added about $500 million to the existing contract and extended the project term to June 2024. “The relationship which commenced in 2015, has been a productive and successful partnership and we look forward to supporting Stanmore’s growth ambitions as they further develop their extensive resource base over the coming years,” NRW chief executive and managing director Jules Pemberton said. Image: Macmahon. MACA secures Macmahon has initiated a series of veteran assessment days this year. there is a need for a new wave of consistent In 2018, there had been a 36 per cent Kirkalocka EMMA DAVIES NATIONAL government policy and direct pathways to industry roles. increase in job demand in the mining sector, according to the latest DFP Recruitment contract MINING services contractor Macmahon “In response, we have implemented targeted strategies for engagement, national Mining and Resources Job Index. “This [program] is a key aim for us to help and the Working Spirit group have joined development and retention of ex-defence fill jobs across our wide network of contract WA forces to improve employment opportunities force personnel.” services to surface and underground mining available to Australian defence force operators, especially given we have about $7 MACA Interquip has nabbed a $28 Ms Blacklock said high unemployment veterans as they transition to civilian work. billion worth of project opportunities in our million mill construction contract at rates of veterans were often attributed to Adaman Resources’ Kirkalocka gold Macmahon manager human resources misconceptions that army, navy and air pipeline to come onstream,” Ms Blacklock project near Mt Magnet in WA. Katherine Blacklock said most veterans force veterans suffer from mental health said. had been extensively trained and their issues and veterans often under-sold their “These opportunities will be in gold, base The work, scheduled to begin experience and knowledge was a “highly in February, included a new skill set to potential employers. metals and coal sectors in Australia and transferrable fit for many mining and offshore and are accompanied by significant semi-autogenous grinding (SAG) mill She said through the Working Spirit associated industry roles”. growth in demand for skilled and unskilled installation and refurbishment of an program, Macmahon and other miners existing mineral processing plant. “Typically, veterans breed integrity and were improving employment opportunities labour.” hard work and have shown leadership under available to veterans through a direct To date, Macmahon has held a series of MACA operations director Geoff stressful conditions,” Ms Blacklock said. Baker said the contract would span opportunities portal as well as career veteran assessment days and has employed about eight months and employ up to 40 “Veterans often tell us the transition summits, networking, and social 12 former Australian Defence Force personnel. process can be quite jarring and many feel sundowners. personnel through Working Spirit. Thyssenkrupp nabs $250m South Flank contract “The recent contract awards for MACA Interquip demonstrates the success of the MACA strategy to diversify its services within the resource industry’,” Mr Baker said. AMY BLOM WA Three year THYSSENKRUPP Industrial Solutions will deliver the largest rail-mounted stackers and extension for Bis reclaimer in the world after securing a $250 million contract at BHP’s South Flank iron ore operation in WA’s Pilbara region. NSW It would be one of the largest fabrication and construction projects the company has MINING services company Bis has been awarded a three-year contract ever undertaken in WA, and would see it extension to provide haulage services design, supply, construct and commission for Whitehaven Coal’s Tarrawonga and large-scale stockyard machines. Rocglen coal mines in NSW. Thyssenkrupp Industrial Solutions Bis would deliver a new fleet of mining technologies chief executive Torsten enhanced prime movers to support the Gerlach said the company looked forward to Gunnedah operations. contributing to South Flank by combining long-standing global expertise in the mining The bespoke haulage solution business with local experience. Image: Thyssenkrupp. provided greater payload capacity, while reducing the number of prime “Our strong partnership with BHP extends A Thyssenkrupp stacker and reclaimer at a BHP mine. movers, delivering cost efficiencies and globally, but the Pilbara region is a core area benefits to Whitehaven Coal. where we have provided material handling The machines would have a capacity of activities. One way trips would also be reduced solutions for decades,” Mr Gerlach said. 20,000 tonnes per hour, making them the Generating about 80 million tonnes of by 36 per cent (about 48 000 fewer “With our field service teams we are largest of their kind in the world. output per year, South Flank would fully trips per annum when compared to supporting our customers on a daily basis.” According to Thyssenkrupp, the design replace production from the existing Yandi the current fleet) which would reduce Thyssenkrupp would supply two stackers of the machines incorporated the latest mine, which was reaching the end of its vehicle emissions, and contribute to that deposit iron ore into stockyards, and a Australian design standard requirements economic life. improved local road safety. reclaimer for loading the ore into trains for and technology improvement centred on safe BHP was targeting first ore extraction in transport to Port Hedland. construction, operation, and maintenance 2021.
14 NEWS: TECHNOLOGY & INNOVATION JANUARY 2019 THE AUSTRALIAN MINING REVIEW Data scientists called for $1m challenge ELIZABETH FABRI Image: OZ Minerals. SOUTH AUSTRALIA OZ Minerals, in partnership with open innovation platform Unearthed, has launched an Explorer Challenge that aims to crowdsource solutions online from the world’s leading data scientists and geologists. During the 10-week challenge, participants will have the opportunity to develop ground-breaking approaches to discovering new exploration targets at OZ Minerals’ Prominent Hill copper-gold mine, with a $1 million prize pool awarded to “winning ideas”. Unearthed founding director Justin Strharsky said the challenge sought to test how the global resources industry could leverage data science to its full potential. “During the exploration process, the iterative process of collecting different datasets, followed by geological interpretation, can take a very long time,” Mr Strharsky said. “Vast amounts of data are collected and processed, and very often this does not result in a discovery. “The Explorer Challenge will speed up The Explorer Challenge is open to geologists and data scientists from across the world. the exploration lifecycle and allow us to analyse information at a much faster rate approach in the mining industry would no you recognise, you’re doing it wrong.” started two years ago when we migrated than before. longer suffice. OZ Minerals chief executive Andrew all our exploration data to the Amazon Web “This competition represents a “The traditional borders of our companies Cole said the challenge would give the team Service (AWS) cloud,” Mr Cole said. fundamental change in approach to must be expanded virtually to include people potential access to thousands of scientists’ “We want to find ways to work smarter problem-solving. with different skills and perspectives from ideas and data, and the winning idea would with all the data we’ve got, not just geological “Data science techniques can be used for around the world,” he said. have the chance to get their model tested in data, and challenge existing concepts of how exploration and many other challenges faced “If your approach to digital skills is to hire real life. we are harnessing it.” by the industry.” people who happen to live near your HQ on “The challenge is a continuation of our Entries open in February 2019 with Mr Strharsky said the business as usual the basis of a CV or a degree from a school digital transformation journey, which we winners to be announced in June 2019. Hybrid Koodaideri sets technological benchmark truck tech EMMA DAVIES Image: Rio Tinto. WA Photography: Christian Sprogoe. goes global RIO Tinto has approved its $3.5 billion Koodaideri iron ore mine in WA that is set to be its most technologically advanced operation to date. EMMA DAVIES Construction was set to begin in 2019, QLD and once complete, the mine would have an annual capacity of 43 million tonnes A NEW hybrid truck has been doing circuits - underpinning production of the Pilbara around New Hope Group’s New Acland mine Blend, Rio Tinto’s flagship iron ore product. for the past two years and is now attracting The operation had been designed to interest on the global market. utilise an increased level of automation New Acland mine general manager David and digitisation which Rio Tinto expected Vink said the innovative dual fuel trucks, led would significantly enhance productivity, by project partners Mine Energy Solutions safety and maintenance of the new mine. (MES) and Hastings Deering, were a great “Koodaideri is a game-changer,” Rio example of industry collaboration. Tinto chief executive Jean-Sébastien “We provided the trial site and wherewithal, Jacques said. MES the technology and Hastings Deering the “It will be the most technologically hardware - so to speak (truck and engines),” advanced mine we have ever built and Mr Vink said. sets a new benchmark for the industry The revolutionary technology enabled in terms of the adoption of automation the conversion of high horse powered diesel and the use of data to enhance safety and engines from 100 per cent diesel to dual fuel productivity.” operation, using natural gas as the dominant The site would feature technology fuel through sequential gas injection. already in use across Rio Tinto, such as “When MES first looked for project partners autonomous trucks, trains and drills, Rio Tinto autonomous haulage trucks, West Angelas minesite. in Queensland there was no one interested, but and implement systems connecting all we could see the potential for this technology components of the mining value chain for a significant leap forward for the global business.” from the outset,” Mr Vink said. the first time. mining industry. Rio Tinto expected to employ more than “Now, after nearly 24 months operating Innovations included a digital replica of “We’ve been building mines in the 2000 people throughout construction, with on site, clocking more than 6200 hours, we’ve the processing plant, accessible in real time Pilbara for over 50 years, and, subject 600 permanent roles created once the mine piqued the interest of the big boys and the by workers in the field; fully integrated to final approvals, Koodaideri will was operational in 2021. sceptics. mine automation and simulation systems; incorporate all of that knowledge to enable “We’ve taken the technology from an R&D advanced automation, including an us to build the smartest, safest and most The miner had also poured $44 million project to ready for commercial application. automated workshop; and numerous data efficient mine we’ve ever constructed,” Mr into a pre-feasibility study for Koodaideri analytics capabilities and control loops to Salisbury said. Phase 2, which would increase annual “The trial is complete, MES’s technology has been proven and we are pleased to be optimise production and reduce downtime. “The deployment of leading edge capacity to 70 million tonnes and beyond. part of this exciting project that is now going Rio Tinto Iron Ore chief executive technology will deliver a step-change Koodaideri remained subject to WA global.” Chris Salisbury said the project would be in both safety and productivity for our Government approval.
VAC-ASSIST MINING PUMPS enduring the harshest conditions ▶ MINE DEWATERING ▶ FLOOD RECOVERY ▶ DIESEL PONTOONS ▶ PROCESS WATER SUPPLY ▶ SKID MOUNTED PUMPS ▶ SLURRY PUMPING ▶ WATER CART FILLING ▶ TRAILER PUMPS ▶ WATER TRANSFER ▶ DUST SUPPRESSION ▶ ELECTRIC PONTOONS ▶ EVAPORATION PROJECTS WWW.TRUFLOPUMPS.COM.AU FREECALL 1800 813 677 This Changes Everything! Particles EFD’s HydroFloat™ Separator radically improves the traditional approximately sulfide processing circuit through Coarse Particle Flotation. HydroFloat Separator 850 microns Unlike conventional flotation, the HydroFloat Separator recovers particles as large as 800 microns with as little as 1% mineral surface expression. By rejecting the balance as “coarse” tailings, much of the recirculating load is eliminated, thus greatly increasing mill capacity… with NO loss in mineral recovery! Overflow Coarse Mineral Coarse Particle Flotation using EFD’s HydroFloat Separator can: Recovers virtually • Increase mill throughput by as much all particles which exhibit greater than Air fGB-10 4 as 15-20% 1% hydrophobic • Reduce energy & media consumption efiTs of The Ben ion Flotat PartiCle Coarse surface expression Improve flotatIo reduce ments In n to energy Eric Bain Global Wasmund • Produce a coarse tailing stream Manag as the worldw Eriez Flotatio ing Directo ide mining n Divisio r with lower n head grades, enterprise moves Underflow Coarse Tails floated to the volume to process produce of ore that ing ore bodies an equivale the same nt amount amount must be microns energy requirem . using existing of product increase ground and mately 850 as an innovati ent for grinding technolo s by at least approxi Particles division ve flotation and flotation gy, this means is develop equipment will increase that the on metallur ing manufa as gical first and commercializing cturer, the eriez well. requirem principles new product flotation ents incremental to be dramaticallythat will actually s based allow the bigger unit second order improve decreased. these energy order improve operatio ns based ments achieve are not the kind ments that on current d by simply of flotation are possible technolo making process, gy, but major which hasn’t through first the first changed a major of these is the Hydrofl fundamentally re-think of the fluidized in 100+ -bed oat™, a semi-liberated flotation cell that high-efficiency, years. particles. is capable Hydrofloat Benchm of recover aerated, studies has against a convent arking the perform ing coarse, ional stirred ance of the particles, shown a dramati tank cell as c improve approach an example see ment in the in a number of allows for the recent flotation a coarse recover y paper by of tail) at a much mehrfert*. coarse major energy which results in Rejects only those coarser size this a reduce comminconsumer in the significant reductio (and rejection concentrator. n in grinding of For more details download major mining ution energy the potentia ; the consumption HydroFloat™ of ore sorter companies are l benefit to develop now looking are now well accepte to a coarse at d, and another technolo throwaw the Hydrofloat as the stackce gy that is ay tail. a type being commer coal industryll™, which was introduc cialized for base luttrell (u.s. . developed by ed a metals is patent no. dr. michae decade ago into particles that have no flotation 8,960,4 l mankos the u.s. device. a a on page cross-section 43), the stackce and dr. gerald 2. the first ll is a two-stag residenc e time stage (centerof the stackcell e is shown high turbulen chamber consistin of tank) is an energy in figure 1 these White Papers at the kinetics ce to mix air and g of a rotor-stator intensive, low for particle feed slurry (4) that creates that can together flow in one -bubble collectio (1). In this circuiting. direction n are stage, the into the secondmaximized in (2) and wash second stage stage, a zone is a settling the pulp water (7) tank with with no short hydrophobic into that allows overflow froth washingthe froth phase for bubble- launder and minimiz in a fluid environ particle separation s a campai es particle ment that from gn using bubble detachm allows for series for a train of ent. a three 0.60-me sme conferelow grade copper tre diamete ore installation nce (christodoulou, was reported r stackce 1.604.952.2300 at the 2016 lls in www.EriezFlotation.com is shown 2016). stackcell in a photogr denver as a low-ene figure 2. the objectiv aph of rougher a similar application rgy, high-capacity e was to evaluate (recover y for surface expression StackCell™ and grade) slow-floating ores alternative for a the accepted standard with a denver and to compar multi-stage for scaling lab cell, e the kinetics up convent which is ional stirred the industry- flotation cells. More informat ion is available at www.eri ezflotatio n.com 1
16 NEWS: INTERNATIONAL JANUARY 2019 THE AUSTRALIAN MINING REVIEW Newcrest signs landmark agreements EMMA DAVIES PNG/CHILE NEWCREST Mining is ramping up its activities overseas after entering non-binding agreements with exploration juniors in Chile and signing a memorandum of understanding (MOU) with its Wafi-Golpu joint venture partner Harmony Gold and the Independent State of Papua New Guinea. The Wafi-Golpu MOU established the framework for the parties to progress the permitting of the Wafi-Golpu project as quickly as practicable and re-affirmed the intention to achieve grant of a special mining lease by 30 June 2019. “We have been working constructively with the Government of Papua New Guinea to progress permitting of the project and recently achieved key milestones in this process with completion of our Feasibility Study Update in March 2018 and Environmental Impact Statement in June 2018,” Newcrest managing director and chief executive Sandeep Biswas said. Image: Newcrest Mining. “Getting this work started will benefit The Wafi-Golpu Joint Venture in Papua New Guinea is expected to be granted a Special Mining Lease by mid-2019. Morobe Province, with a capital injection into the economy and improved access to Maricunga magmatic belt. for the exploration of Mirasol’s Gorbea mines in Australia, Papua New Guinea, remote parts of the Province.” and Altazor projects over the next 12 to 18 and Indonesia, and we are pleased to have Mirasol chief executive Stephen Nano The company’s agreements in Chile months.” entered into this agreement with them,” Ms said the company was pleased to again be included an option to farm-in on Mirasol Macdonald said. partnering with Newcrest to explore its Cornerstone Captial Resources chief Resources’ Gorbea high-sulfidation “Newcrest is also actively exploring in prospective Mio-Pliocene belt projects for executive Brooke Macdonald was also epithermal gold project; and Cornerstone Ecuador, where Cornerstone has a first Capital Resource’s epithermal gold-silver district scale gold deposits. enthusiastic to be working with Newcrest. mover advantage as a prospect generator in and porphyry gold-copper deposits along “Newcrest has allocated a combined “Newcrest is one of the largest gold Ecuador since 2005, and several drill-ready the interpreted northern extension of the $US7.3 million in separate agreements, mining companies in the world, operating properties available for option.” Tribune acquires high-grade gold South32 enters US alliance project AMY BLOM PHILIPPINES AUSTRALIAN gold producer, Tribune Resources, has acquired Singapore-based Prometheus Developments as part of its bid to transform the company into a significant mining house. Prometheus has rights over the high-grade Diwalwal gold exploration project on Mindanao in the Philippines. As part of the acquisition, Tribune Resources, a partner in the East Kundana mine in WA’s eastern goldfields, would purchase 5.5 million shares at deemed issue price of $4.50 for a total consideration of $24.75 million. According to Tribune, Prometheus had defined an exploration target that would be the focus of an extensive drilling program by Tribune in 2019 with the intent to establish a maiden mineral resource estimate. Image: South32. Tribune director Gordon Sklenka said Diwalwal “ticked all the right boxes and magmatic arcs — excluding South32’s During the five-year term of an option represented an excellent investment EMMA DAVIES Hermosa project in southern Arizona. agreement, South32 would also make opportunity for the company and its US South32 would also provide a separate option payments totalling $525,000 and shareholders. completing $5 million in exploration annual acquisition fund of $200,000 to pay “Having a strong balance sheet and income SOUTH32 has executed a Regional for the acquisition of new properties as expenditures to EMX. from the East Kundana joint venture has Strategic Alliance Agreement with EMX approved by the technical committee, with Five EMX copper projects in Arizona allowed us to assess meaningful acquisitions Royalty Corporation covering exploration exploration work to be funded separately had been selected to begin advancing where we will be able to transform the tenements in Arizona, New Mexico, and through cash calls to South32. toward the drill program stage; Midnight company into a significant mining house,” Mr Utah. Juniper, 1km northwest of the Morenci Any projects advanced to the designated Sklenka said. Under the agreement, South32 agreed project stage would be covered under open pit copper mine; Jasper Canyon “Diwalwal ticks all the right boxes for us in to provide $800,000 per year over two separate option agreements with each and Sleeping Beauty in the Globe-Miami terms of adding value for shareholders. years to cover generative work and the agreement providing that South32 can mining district; Dragons Tail in the “The project has secure tenure, excellent salaries of EMX personnel involved in the earn a 100 per cent interest in the project Superior mining district; and Lomitas grades, prospective geology and the potential exploration of copper and other base metal by reimbursing EMX’s holding costs upon Negras, about 10km southeast of the town for the delineation of a very large gold deposit.” projects within the Laramide and Tertiary execution of the option agreement. of San Manuel.
JANUARY 2019 THE AUSTRALIAN MINING REVIEW Lynas faces licensing hurdle Australia’s leading designer and manufacturer of rubber torsion spring products Made in Australia MOTOR BASES FOR ALL CRUSHER DRIVES MOTOR PUMPS BASES Image: Lynas Corporation. fails, then they should be stored in a PDF. EMMA DAVIES Export should only be considered if a PDF MALAYSIA SCREENS is not possible.” MOTOR Lynas said it was one of a number of FEEDERS AUSTRALIAN rare earths miner Lynas industries in Malaysia with feedstock BASES Corporation remains positive it can reach that produces residues with low level “an appropriate outcome” after stringent radioactivity, and there should not be one environmental demands were made for its rule for other industries and one rule for Malaysian processing operations’ license Lynas. renewal. “We will consider all options available Lynas owns the Mt Weld rare earths to us to achieve an appropriate outcome mine in WA, and the Lynas Advanced prior to 2 September 2019, including legal Materials Plant (LAMP) in Malaysia – one options,” it stated. of the largest and most modern rare earth Lynas’ share price dropped by about 26 separation plants in the world. per cent after the conditions were set. In December, a statement from The Review Committee report on Lynas’ Malaysia’s Minister for Energy, Science, operations was also released on 4 December, Technology, Environment and Climate which was drafted after an extensive tour BIG BELT Change (MESTECC) expressed concerns IMPACT over Lynas’ processing plant site and set of Lynas’ operations, reviewed data from SPECIALISTS new conditions for the company to meet Lynas’ monitoring, relevant regulators and BEDS peer-reviewed research, and meetings with ahead of its license renewal in September regulators, independent experts and local 2019. community members. Conditions included the export of Water The report concluded Lynas Malaysia’s Leach Purification (WLP) residue and the operations were low risk and compliant submission of an action plan on the disposal with applicable laws. of Neutralization Underflow Residue “We thank the Review Committee for (NUF), as current approval was only valid its diligent and thorough approach,” Lynas until February. chief executive and managing director In a statement, Lynas said the Amanda Lacaze said. preconiditions were inconsistent with the She added the company was surprised CHAIN TENSIONERS Review Committee’s recommendation with the Ministry’s decision to impose the released the same day, that Lynas Malaysia pre-conditions, and they were inconsistent should determine the location of and build with the science, international best a permanent disposal facility (PDF) for the practice as well as with the expert Review WLP residue. Committee’s recommendations. “The potential construction of a PDF for “This appears to be policy based on WLP residue has always been part of our politics, not policy based on science. It is planning,” the company stated. very disappointing to receive this on the “It is provided for in our financial same day that the Review Committee statements and by way of the PDF bond in report was released,” she said. excess of $US34 million that is held by the SALES@LEVERLINK.COM.AU “However, we are confident we are well Malaysian regulator. placed to manage potential changes and PERTH: 08 6165 8892 BRISBANE: 07 3737 2400 “Lynas’ license conditions explicitly state our long term investment thesis remains that residues should be recycled, and if that strong.”
18 NEWS: MAJOR PROJECTS 2019 JANUARY 2019 THE AUSTRALIAN MINING REVIEW 5 SCONI Australian Mines (100%) www.australianmines.com.au 5 3 A cobalt-nickel-scandium project with a 2 million tonne per annum processing plant. 6 • Capital cost: $1.35 billion 4 7 • Jobs: 500 during construction and 300 in operations 1 2 • Development start date: 2019 • First production: 2021 • Mine life: 18 years 6 OLIVE DOWNS 11 8 Pembroke (100%) www.pembrokeresources.com.au 9 Greenfield metallurgical coal mine with a yield of up to 15 million tonnes of product coal per annum for steel production. • Capital cost: $1 billion • Jobs: 3500 in construction and 1000 in operations MAJOR • Development start date: 2019 • First production: 2020 • Mine life: More than 50 years 10 CARMICHAEL PROJECTS SNAPSHOT 7 Adani (100%) www.adaniaustralia.com 2019 A 10 million tonne per annum thermal coal mine, with plans to ramp up to 27.5mtpa. • Capital cost: $2 billion • Jobs: 1500 jobs during construction • Development start date: 2019 (pending approvals) • First production: 2021 • Mine life: 30+ years 1 ELIWANA 9 CLEAN TEQ SUNRISE Fortescue Metals Group (100%) www.fmgl.com.au Clean TeQ (100%) www.cleanteq.com Eliwana is set to replace production at the 30mtpa Firetail mine, and will further Sunrise is one of the highest grade and largest nickel and cobalt deposits contribute to FMG’s new 60.1 per cent West Pilbara Fines iron ore product. outside of Africa and one of the largest scandium deposits in the world. • Capital cost: $US1.275 billion • Capital cost: $1.7 billion • Jobs: 1900 during construction, 500 in operations • Jobs: 1000 in construction and 300 in operations • Development start date: 2019 • Development start date: Mid 2019 • First production: December 2020 • First production: 2019 • Mine life: 18 years • Mine life: More than 40 years 2 KOODAIDERI 8 BYLONG COAL Rio Tinto (100%) www.riotinto.com KEPCO Bylong Australia (100%) www.bylongproject.com.au Koodaideri will deliver a new 43 million tonne iron ore production hub for Rio Open cut and underground mine expected to produce up to 6.5 million tonnes Tinto, and will be its most technologically advanced mine to date. of run of mine coal per annum for supply to the thermal coal export market. • Capital cost: $3.5 billion • Capital cost: $1.3 billion • Jobs: 2000 during construction, 600 in operations • Jobs: 650 in construction and 450 in operations • Development start date: 2019 • Development start date: 2019 (subject to approvals) • First production: Late 2021 • First production: [unknown] • Mine life: 30 years • Mine life: 25 years 3 MOUNT PEAKE 10 ROGETTA TNG Limited (100%) www.tngltd.com.au Forward Mining (100%) www.forwardmining.com Open pit mining and onsite processing to produce a magnetite concentrate The biggest iron ore mine in Tasmania, Rogetta is forecast to produce 1mtpa over • Capital cost: $853 million for stage 1 and $969 million for stage 2 its initial mine life, and could fetch export revenues of up to $100 million a year. • Jobs: Up to 500 in construction and 175-250 in operations • Capital cost: $100 million • Development start date: 2019 (subject to further approvals) • Jobs: 200 jobs during construction and 100 jobs in operations • First production: 2021 • Development start date: 2019 • Mine life: 17 years • First production: 2020 • Mine life: 30 years (initial 8 years) 4 NOLANS SIVIOUR 11 Renascor Arafura Resources (100%) www.arultd.com Resources (100%) www.renascor.com.au An open cut rare earths mine with a targeted annual output of 3600 tonnes of Siviour the largest graphite deposit in Australia, and the fifth largest graphite neodymium and praseodymium (NdPr) and other by-products. deposit in the world with annual production of 123,000 tonnes. • Capital cost: $US680 million • Capital cost: (Stage 1) $US29 million, (Stage 2) $US91 million • Jobs: 400-500 in construction and 250-300 in operations • Jobs: About 150 during construction and 100 during operations • Development start date: late 2019 (subject to Final Investment Decision) • Development start date: Q4 2019 (pending approvals) • First production: 2021/2022 • First production: 2020 • Mine life: 40 years based on identified resources • Mine life: 60+ years
Pages you may also like
You can also read
Next part ... Cancel