Australia's Grange Resources Wins Approval for Tasmania Mine Extension After Two-Year Wait

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Researched by Industrial Info Resources Australia (Perth, Australia)--Grange Resources Limited (ASX:GRR) (Sydney, New South Wales) is planning for a tailings storage facility that will be attached to the Savage River Iron Ore Mine, located southwest of Burnie on Tasmania's west coast, after receiving approval by the federal government.

The project will be combined with the mine's expansion on the South Deposit, which is aimed at increasing ore-production capacity from 2.5 million tons per year to 3.5 million tons. Grange Resources estimates the mine expansion and planned tailings storage facility will extend the life of the operation to 2030. The current tailings facility on site is unable to cope with the additional volume being produced.

Activity on the tailings facility project comes two years after Grange Resources applied for federal approval to further develop the Savage River Mine. Grange Resources expects much of the work to begin in late 2014, with the most of it to be completed by the final quarter of 2015. Sources on the project have confirmed that completion could take up to two years, with completion most likely in mid-2016.

The mine comprises three principal open pits: North, Central and South. Central Pit is separated from North Pit by the Savage River, which runs through a pillar area to retain the river channel. The pits have depths of 100 to 150 meters. The proposed cut-back and extensions would deepen them by as much as 250 meters.

Mining activities in the open pit include dump trucks and hydraulic excavators, with drilling and blasting used to prepare the ground. Grade-control sampling is conducted on all blast holes within the ore body, as well as on selected holes around the periphery.

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