https://www.miningweekly.com

Flinders lowers capital cost for Pilbara project

Flinders lowers capital cost for Pilbara project

Photo by Bloomberg

18th September 2014

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – Iron-ore hopeful Flinders Mines has lowered the development cost for its flagship Pilbara iron-ore project, in Western Australia.

A 2011 prefeasibility study estimated that the project would require A$488-million in capital to support a Stage 1 development of five-million tonnes a year.

A further capital investment of A$641-million would be required to increase production up to 15-million tonnes a year.

However, Flinders reported on Thursday that an independent investigation into the project had revealed that capital expenditure of only A$726-million would be required to support a 25-million-tonne-a-year operation.

The new capital estimate included A$384-million for processing plant and infrastructure, a further A$177-million for site infrastructure, A$131-million for construction costs and A$34-million for mine site works, pre-strip, road and tailings.

Flinders was expected to refine the cost estimate for the Pilbara iron-ore project during the bankable feasibility study, which was currently under way. The study would investigate a build-own-operate scenario to remove large capital items from the balance sheet.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Lilak Aluminium
Lilak Aluminium

For over 15 years, Lilak Aluminium, a trusted leader in architectural extrusion supply, has delivered excellence to businesses like yours.

VISIT SHOWROOM 
Condra Cranes
Condra Cranes

ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...

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:0.048 0.075s - 128pq - 2rq
Subscribe Now