https://www.miningweekly.com

Bauxite Hills delayed by six months

Bauxite Hills delayed by six months

Photo by Bloombeg

24th September 2015

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – The start of mining at the Bauxite Hills project, in Queensland, would be delayed by some six months, owner Metro Mining reported on Thursday, as the company confirmed the need for a full environmental-impact statement (EIS).

Metro earlier this month flagged that it had been verbally advised by the Queensland Department of Environment and Heritage Protection (DEHP) that the Bauxite Hills project would require a full EIS, despite already having received a detailed site-specific environment authority application.

Metro told shareholders on Thursday that while it was disappointed with the DEHP decision, the company would now improve the opportunities available through the EIS. This included the removal of the two-million-tonne-a-year production limit, the provision for the ability to increase the scale of the operation to improve market significance, the ability to realise economies of scale to achieve a superior financial return and facilitation of further community and stakeholder engagement.

Furthermore, Metro would request an interdepartmental review of the DEHP’s decision.

In the meantime, the company had also started commercial development of the terms of reference, the first step of the EIS process.

A February feasibility study estimated that the Bauxite Hills mine would deliver some two-million tonnes a year of direct shipping ore (DSO) product over a mine life of 21 years.

The DSO operation was expected to require a capital investment of only A$27.4-million and would deliver an internal rate of return of 88% and a net present value after tax of A$197-million.

Edited by Tracy Hancock
Creamer Media Contributing Editor

Comments

Showroom

Actom image
Actom

Your one-stop global energy-solution partner

VISIT SHOWROOM 
Rio-Carb
Rio-Carb

Our Easy Access Chute concept was developed to reduce the risks related to liner maintenance. Currently, replacing wear liners require that...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.128 0.161s - 106pq - 2rq
Subscribe Now