- Write by:
-
Monday, December 10, 2018 - 3:07:25 PM
-
939 Visit
-
Print
Mining News Pro - The Queensland Department of Environment and Science has issued an environmental permit for a start-up mining and processing operation at the Ardmore phosphate rock project.
According to Mining News Pro - ASX-listed project owner Centrex Metals on Monday told shareholders that the environmental authority would enable the company to progress its start-up operations to produce 30 000 t of premium-grade rock phosphate concentrate, providing 5 000 t to 6 000 t for shipments to potential customers in the second half of 2019.
The approval included the installation and operation of a 70 t/h modular wet processing plant, which is currently being fabricated.
An October definitive feasibility study estimated that the project would require a capital investment of around A$77-million to produce 800 000 t/y of premium-grade phosphate rock concentrate over a mine life of ten years.
The project is estimated to have a pre-tax net present value of A$172-million and an internal rate of return of 40%.
Centrex has previously said that the start-up operation would significantly de-risk the project technically and commercially, and that the start-up plant would be readily upgradable for full-scale operations.
Project financing for the Ardmore project is targeted for the second half of 2019, in line with securing offtake agreements. Full scale production has been targeted for the start of 2021.
Short Link:
https://www.miningnews.ir/En/News/311852
Australian miner Lynas posted a slump in third-quarter sales revenue on Wednesday, missing analyst expectations on the ...
Zimbabwe’s President Emmerson Mnangagwa has re-appointed Winston Chitando as the southern African nation’s mines ...
Anglo American Plc said it is has received an unsolicited non-binding combination proposal from BHP Group.
China’s Zhaojin Mining Industry said on Wednesday that its A$733 million ($477.8 million) offer to buy Australia’s ...
Toronto-listed miner OceanaGold Corp said on Wednesday it will raise 6.08 billion pesos ($106 million) through an ...
A key measure of Chinese copper demand just sank to zero, another indication that global prices are not balanced with ...
A new report by IDTechEx states that investing in e-haul trucks could result in major savings for miners due to the ...
Chile’s state copper company Codelco defended its proposed lithium production tie-up with SQM in response to criticism ...
Canadian miner First Quantum Minerals (TSX: FM) believes it will be able to take the already mined 121,000 tonnes of ...
No comments have been posted yet ...