https://www.miningweekly.com
PROJECT|Resources|Solar|Environmental
PROJECT|Resources|Solar|Environmental
project|resources|solar|environmental

Metallica puts Cape Flattery development works on hold amid takeover

23rd May 2024

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

Takeover target Metallica Minerals has suspended the majority of the planned project development works at its Cape Flattery silica project, in Queensland, citing the unsolicited, offmarket takeover offer by Diatreme Resources.

The company said that it had engaged with the Office of the Coordinator-General on the draft terms of reference (ToR) for the environmental-impact statement (EIS), which would be released for public comment in the near future.

However, because of the takeover offer, studies that did not require receipt of the ToR had been placed on hold.

In addition to the EIS process, Metallica has put on hold the mediation process under the National Native Title Tribunal with the Dingaal and Nguuruumungo clans.

Diatreme in February launched a takeover for Metallica to combine their silica sand assets in the Far North Queensland, creating a larger resource base to serve the global solar photovoltaic industry.

An updated definitive feasibility study on the Cape Flattery project, released in late 2023, detailed project plans for a three-million-tonne-a-year operation.

Cape Flattery has ore reserves of 47-million tonnes, grading 99.18% silica, which will be processed over a 15-year life-of-mine.

Edited by Creamer Media Reporter

Comments

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Yale Lifting Solutions
Yale Lifting Solutions

Yale Lifting Solutions is a leading supplier of lifting and material handling equipment in Southern Africa. Yale offers a wide range of quality...

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:0.264 0.298s - 92pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: