- Write by:
-
Monday, November 12, 2018 - 7:00:36 PM
-
1030 Visit
-
Print
Mining News Pro - Sheffield Resources has awarded the engineering, procurement and construction (EPC) contract for the building of a 7.5 Mt/y mineral processing plant and associated facilities at its Thunderbird mineral sands project in Western Australia to GR Engineering Services.
According to Mining News Pro -Sheffield Resources has awarded the engineering, procurement and construction (EPC) contract for the building of a 7.5 Mt/y mineral processing plant and associated facilities at its Thunderbird mineral sands project in Western Australia to GR Engineering Services.
The contract sum is around A$366.3 million ($264 million) with commencement of work subject to GR Engineering being issued with a full notice to proceed. This, in itself, is dependent on Sheffield satisfying remaining financing conditions ahead of a final investment decision being made to pursue the development of the project.
GR Engineering’s award comes after it was engaged as preferred tenderer in October 2017 to progress early works on the project. The company has substantially progressed detailed design and procurement activities during this time, GR Engineering said.
Delivery is scheduled to occur over approximately two years from the date of site mobilization, which is anticipated in the June quarter of 2019, following the wet season.
GR Engineering’s scope of work under the contract extends to the engineering design, procurement, construction, commissioning and testing of all process and non-process infrastructure for the project, including a wet concentrate plant, mineral separation plant, low temperature roasting plant, administration buildings, bore fields and high voltage power distribution in addition to all civil scope items. It will also provide operations support for a six month term post-completion.
Sheffield also secured a A$240 million seven-year loan from Taurus Funds that will be used to reduce the miner’s operating costs by at least A$7.5 million every year over a 42-year life of mine, it announced. This means it has been able to accumulate A$335 million of loan facilities to enable the project to proceed.
Sheffield says its bankable feasibility study shows Thunderbird is a technically low risk, modest capital expenditure project positioned to generate strong cash margins from globally significant levels of production over a mine life of 42 years.
The company is targeting initial production in the December quarter of 2020.
Short Link:
https://www.miningnews.ir/En/News/296629
Mining News Pro - In the difficult and exhausting conditions of unilateral and cowardly sanctions, more than any other ...
Mining News Pro - The CEO of Khuzestan Steel Company informed about the plans made to reach the production level of 13 ...
Mining News Pro - The 19th International Metallurgy Exhibition (IranMetafo) was held at the permanent location of Tehran ...
Mining News Pro - European Commission President Ursula von der Leyen said last month that commodities like lithium and ...
Mining News Pro - In response to Western sanctions, Russian miners have looked towards merging to create companies ...
Mining News Pro - In 2020, Iran started to promote mining tourism by launching the first project in the Anguran lead and ...
Mining News Pro - Acid mine drainage has long been a scourge in Appalachia. Recent research suggests that we may be able ...
Mining News Pro - Using a global data set of zircon trace elements, new research demonstrates the power of machine ...
Mining News Pro - The global markets of nickel, lithium and cobalt – three of the key metals used in electric vehicle ...
No comments have been posted yet ...