Metro Stage 2 to cost A$51m
PERTH (miningweekly.com) – A definitive feasibility study on Stage 2 of the Bauxite Hills mine, in Queensland, has estimated that it would require a capital investment of A$51.4-million to increase production from the current 3.5-million tonnes a year to six-million tonnes a year.
ASX-listed Metro Mining on Monday said that the expanded project would have a pay-back period of less than 18 months, with life-of-mine unit operating costs forecast to reduce by some 18% once the project operates at the six-million-tonne-a-year production rate.
The key components of the Stage 2 expansion include the construction and mobilsiation of a floating terminal with the ability to load six-million tonnes a year of bauxite, the scale-up of the current mining, haulage and transshipment fleets, and optimising and upgrading the existing port and barge loading facilities.
Based on a reserve of 109.5-million tonnes, the project is expected to have a mine life until 2037.
“The completion of the feasibility study and selection of the preferred design for the floating terminal is a key step to allow execution of the expansion at Bauxite Hills by 2020,” said Metro MD and CEO Simon Finnis.
“It builds on the outstanding production performance and operating experience gained since the mine commenced production in April 2018. We have some further work to do on the final design, and we need to finalise the funding package, and then we will present to the board for their approval.”
Finnis noted that a production target of four-million tonnes a year has been set for 2020, followed by the full expansion to six-million tonnes a year thereafter.
Comments
The
functionality
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
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