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Researched by Industrial Info Resources Australia (Perth, Australia)--Centrex Metals Limited (ASX:CXM) has received the federal government's environmental approval for its Port Spencer development project, which is on the east coast of the Eyre Peninsula in South Australia. The project is being developed about 20 kilometres north of Tumby Bay and primarily aims to support the company's Fusion iron ore mine.
Other iron ore projects by Centrex depend on the Port Spencer, including the Bungalow iron ore project, the Wilgerup hematite project and the Kimba Gap magnetite project. The Fusion magnetite mine is targeted to produce an estimated 5 million tons per year of magnetite concentrate, which will be transported to Port Spencer via a 40-kilometre slurry pipeline. The Bungalow magnetite project is being developed jointly with China's Baotou Iron and Steel and will produce 5 million tons per year of magnetite concentrate, which will be transported via a 100-kilometre slurry pipeline to the port. The ore from the wholly owned Wilgerup and Kimba Gap projects will be transported via road.
The recent approval also includes the construction of an onsite desalination plant with a capacity of 20 gigalitres per year to supply drinking and process water to the terminal and associated mine sites. Centrex is awaiting environmental approvals on the other aspects of the project, such as the mine and processing facility and the slurry pipeline.
Centrex estimates the total capital expenditure for the Port Spencer development to be approximately $600 million to $700 million. However, transhipment technology was considered in a recently completed prefeasibility study. The technology would reduce the start-up capital costs to $142 million. Transhippers are self-mooring, without the need for tugs or tug-berthing facilities, which will reduce the operating costs significantly. The length of the jetty will be reduced to just 200 metres, compared with the earlier option of 515 metres. Under the new design considered, the transhipper would load cape-class vessels anchored approximately 1 nautical mile offshore in water depths of about 23 metres. Centres appointed the engineering and project management firm Parsons Brinckerhoff and construction firm Lend Lease (Perth, Western Australia) to assist with engineering and capital estimation.
The iron ore projects being developed by Centrex in the Eyre Peninsula were heavily dependent on the advancement of the port facility. With the approval in place, the company expects to get related projects off the ground at the earliest.
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Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and nine international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
Other iron ore projects by Centrex depend on the Port Spencer, including the Bungalow iron ore project, the Wilgerup hematite project and the Kimba Gap magnetite project. The Fusion magnetite mine is targeted to produce an estimated 5 million tons per year of magnetite concentrate, which will be transported to Port Spencer via a 40-kilometre slurry pipeline. The Bungalow magnetite project is being developed jointly with China's Baotou Iron and Steel and will produce 5 million tons per year of magnetite concentrate, which will be transported via a 100-kilometre slurry pipeline to the port. The ore from the wholly owned Wilgerup and Kimba Gap projects will be transported via road.
The recent approval also includes the construction of an onsite desalination plant with a capacity of 20 gigalitres per year to supply drinking and process water to the terminal and associated mine sites. Centrex is awaiting environmental approvals on the other aspects of the project, such as the mine and processing facility and the slurry pipeline.
Centrex estimates the total capital expenditure for the Port Spencer development to be approximately $600 million to $700 million. However, transhipment technology was considered in a recently completed prefeasibility study. The technology would reduce the start-up capital costs to $142 million. Transhippers are self-mooring, without the need for tugs or tug-berthing facilities, which will reduce the operating costs significantly. The length of the jetty will be reduced to just 200 metres, compared with the earlier option of 515 metres. Under the new design considered, the transhipper would load cape-class vessels anchored approximately 1 nautical mile offshore in water depths of about 23 metres. Centres appointed the engineering and project management firm Parsons Brinckerhoff and construction firm Lend Lease (Perth, Western Australia) to assist with engineering and capital estimation.
The iron ore projects being developed by Centrex in the Eyre Peninsula were heavily dependent on the advancement of the port facility. With the approval in place, the company expects to get related projects off the ground at the earliest.
View Plant Profile - 1082146 1068224
View Project Report - 300019519 300089096 300089091 300043153 300017066 86000566 300042819
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and nine international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
