Grange Resources has announced it will dramatically reduce spending and slash jobs at its Southdown magnetite iron ore project near Albany, the latest victim of continued uncertainty in commodities
Engineering and project management firms AMEC and GHD have been appointed to undertake a definitive feasibility study for the Grange Resources-led Southdown magnetite iron ore project near Albany.
Grange Resources says the approval for the Albany Port Expansion Project is a significant milestone for the development of the company's Southdown magnetite project.
GRANGE Resources is eyeing a significant increase in the scale and cost of its proposed $2 billion Southdown magnetite project near Albany to offset the negative impact of the Rudd government's planned resource super profits tax.
Grange Resources has today appointed AMEC Minproc to carry out a review of the Southdown magnetite project near Albany, which will lay down the foundation for a prefeasibility study later this year.
Grange Resources expects discussions with financiers to pick up after it today received final state approval for its Southdown magnetite iron joint venture near Albany.
Perth-based minerals explorer Grange Resources Ltd will assess the feasibility of alternate power transmission line solutions for its Southdown Magnetite project, which it expects to complete by October.
Grange Resources Ltd is understood to be close to securing a partner for the development of its billion dollar-plus Southdown magnetite and Malaysian iron ore pellet project, beginning in 2008.
