Rutila export facility gets a nod
PERTH (miningweekly.com) – The share price of Pilbara-focused Rutila Resources spiked nearly 10% on Friday on news that the company’s joint venture (JV) with Todd Minerals had been granted tenure for an export facility at the Balla Balla port.
The Department of Mines and Petroleum granted the JV a licence over the land from the existing mining tenements of the Balla Balla magnetite project to the Balla Balla port area, on the Pilbara coast line.
The licence would contain the export facility, which consists of a stockyard area, the causeway and the jetty to the transshipment shuttle vessel loading facility.
Rutila said on Friday that the export facility would have the capability of exporting a minimum of six-million tonnes a year of product; however, using the same causeway and jetty infrastructure, the capacity could be increased to over 50-million tonnes a year, to allow for third-party access.
The company was now waiting for the Department of Transport to approve a Sea Bed Lease and a conditional jetty licence. The jetty licence would only be granted on the submission of appropriate final engineering construction drawings for the jetty.
Rutila’s Balla Balla magnetite/vanadium/titanium project, which would be serviced by the export facility, currently has a Joint Ore Reserves Committee-compliant resource of 456-million tonnes, at 45% iron, 0.64% vanadium and 13.7% titanium.
The company’s shares were trading at a high of A$0.22 a share on Friday.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
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

















