Brockman bins copper mine, sees hope for WA rail access
PERTH (miningweekly.com) – Junior Brockman Mining has pulled the plug on its proposed Damajianshan copper mine, in China, after reporting an impairment of some HK$200-million at the project for the year ended June 30.
Brockman attributes the impairment charge to the recent sustained copper price weakness and potential increases in capital expenditure at the mine to meet new local requirements for environmental protection.
The Damajianshan mine covers some 3.76 km2 and has a Joint Ore Reserves Committee-compliant reserve of 7.6-million tonnes of ore, with an average copper grade of 1.46%. It has the potential to produce more than 429 000 t/y of copper, over a mine life of 18 years.
Dual-listed Brockman has now decided to focus its resources to develop its core iron-ore mining projects in Western Australia, which include the Marillana project.
The company has also moved a step closer to securing rail access for the Marillana project after a High Court decision.
In 2013, Brockman submitted a proposal for access to below-rail infrastructure owned by The Pilbara Infrastructure (TPI). TPI subsequently launched legal proceedings, first in the Supreme Court of Western Australia and then in the Appeals Court, challenging the validity of Brockman’s access proposal.
After losing its Appeals Court challenge, TPI, in a last ditch effort, appealed to the High Court of Australia for special leave to appeal the Appeals Court judgment. However, the High Court has now refused this application, exhausting TPI’s avenues of appeal.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation