https://www.miningweekly.com

Carpentaria weighing expanded Hawsons project

22nd June 2017

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) –The demand for ASX-listed junior Carpentaria Exploration’s Hawsons supergrade product has significantly increased, with Taiwanese conglomerate Formosa Plastics Group increasing its uptake.

Formosa has now increased its nonbinding letter of intent to purchase Hawsons supergrade product from 2-million tonnes a year to 2.6-million tonnes a year, for an initial period of ten years.

Some 12-million tonnes a year of Hawsons supergrade product is now under letters of intent with blue chip customers across Asia and the Middle East, accounting for 120% of the output rate being considered by the prefeasibility study currently under way for the Hawsons iron project, in New South Wales.

“We are delighted with this new positive development and look forward to converting this letter of intent to a definitive binding agreement during our bankable feasibility study,” said Carpentaria MD Quentin Hill.

“Given the strong customer support, we will look to configure the Hawsons project to maximise the output of Hawsons supergrade product during the bankable feasibility study.”

A prefeasibility study into the Hawsons project is currently ongoing, targeted for completion at the end of June, and looks at the development of a ten-million-tonne-a-year operation.

Edited by Creamer Media Reporter

Comments

Showroom

AutoX
AutoX

We are dedicated to business excellence and innovation.

VISIT SHOWROOM 
Goodwin Submersible Pumps Africa (Pty) Ltd
Goodwin Submersible Pumps Africa (Pty) Ltd

Goodwin Submersible Pumps Africa is sole distributors for Goodwin electrically driven, submersible, abrasion resistance slurry pumps.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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:0.532 0.583s - 376pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: