20/05/2009 - 13:15

Iluka gets final approval for SA project

20/05/2009 - 13:15

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Iluka Resources has received final regulatory approval for its $420 million Jacinth-Ambrosia mineral sands project in South Australia, which allows mining to begin.

Iluka Resources has received final regulatory approval for its $420 million Jacinth-Ambrosia mineral sands project in South Australia, which allows mining to begin.

The miner and the SA government have today signed the operation mining and rehabilitation plan for the project that allows mining and processing operations to start, subject to further procedural approvals.

Construction at the project is already underway, which will employ up to 280 people.

The operation is expected to produce at least 300,000 tonnes of zircon each year over a 10 year mine life.

The operation will directly employ 110 people, who will be recruited within the local region or the state.

 

 

The announcement is below:

 

 

Iluka Resources Limited ("Iluka") and the South Australian Government today announced the final significant regulatory approval for the Jacinth-Ambrosia mineral sands project, located approximately 200 kilometres north west of Ceduna in the Eucla Basin of South Australia. The project was approved by the Iluka Board in May 2009 with a capital budget of up to $420 million.

The signing of the Operation Mining and Rehabilitation Plan ("Operation MARP") for the project allows Iluka, subject to a number of further procedural approvals, to commence mining and processing operations for this major zircon deposit. The Operation MARP also defines Iluka's obligations associated with the environmental management and ultimate rehabilitation of the site affected by mining and processing operations.

Hans Umlauff, Iluka's General Manager, South Australian Development stated: "This is the key and final significant regulatory approval for the project. It is the culmination of a considerable amount of work between the company, its principal contractor Parsons Brinkerhoff and numerous South Australian Government regulatory agencies. I would like to acknowledge the support of the South Australian Government and its regulatory agencies in providing this and previous approvals in a professional and expeditious manner."

"The project is well advanced with the major part of the civil infrastructure and processing facilities under construction on site. The project is currently employing up to 280 personnel during the construction phase. The project is trending ahead of schedule and is within budget. On the basis of current progress, Iluka is increasingly confident about the prospect of first production of heavy mineral concentrate being achieved in early 2010, ahead of the initial schedule of mid 2010."

The Jacinth-Ambrosia project will represent a major, long life and high quality source of global zircon supply. It has the capacity to produce at least 300 thousand tonnes of zircon per annum and has an economic life of at least 10 years. The project will involve the creation of approximately 110 direct positions during the operational phase, with the intent that most employment will be sourced within the local region or the State.

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