https://www.miningweekly.com

Paroo Station closer to restart

23rd November 2016

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – The Paroo Station lead mine is one step closer to restart after Canadian owner LeadFX received a seven-year extension for access to the Port of Fremantle to export lead concentrate.

The Canadian firm told shareholders this week that securing port access was a critical step in the preparation to restart the Paroo Station mine, in Western Australia.

The mine was placed on care and maintenance in January last year, amid difficult market conditions.

Meanwhile, LeadFX has also received a $1-million unsecured, interest-free loan from Sentient Global Resource Fund to help meet working capital needs.

The funds, which are repayable by the end of June 2017, will enable the Paroo Station mine to remain in a restart-ready state, prior to a decision being made on the restart of the mine during the coming months.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

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

Showroom

EKATO Africa
EKATO Africa

Established in 1933, EKATO is the world leader in agitation technology, supplying agitators for processes and applications such as chemicals and...

VISIT SHOWROOM 
Alco-Safe
Alco-Safe

Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.

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:0.052 0.944s - 110pq - 2rq
Subscribe Now