27/03/2019 - 12:27

Mondium wins contract at $52m Munglinup project

27/03/2019 - 12:27

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Mondium, a joint venture between local contractors Monadelphous and Lycopodium, has secured an early start engineering contract at Mineral Commodities’ (MRC) Munglinup graphite project.

Monadelphous is part of the joint venture which secured the contract.

Mondium, a joint venture between local contractors Monadelphous and Lycopodium, has secured an early start engineering contract at Mineral Commodities’ (MRC) Munglinup graphite project.

Mondium will undertake early contractor involvement (ECI) and front-end engineering and design (FEED) works for the project.

Located between Ravensthorpe and Esperance, the Munglinup project is in the final stages of its definitive feasibility study, with a final investment decision on its construction set to be made later this year.

MRC is targeting an annual production average of 54,800 tonnes per year of high-purity graphite concentrate.

Initial capital costs for the mine are estimated to be $52 million, with an anticipated mine life of nine years.

MRC chairman Mark Caruso said Mondium was well qualified and experienced in flotation design and construction.

“Given the current tightening of resources in the mining project space, MRC is very pleased to have formed this relationship with a highly regarded engineering and construction firm,” he said.

“This will enable MRC to undertake significant value-add for the Munglinup graphite project through ECI and FEED stages, leading into construction later in the year, subject to approvals and a decision to mine.”

Mondium is also responsible for the engineering, procurement, construction and commissioning at Talison Lithium’s Greenbushes project.

Shares in MRC were down 3 per cent to trade at 16 cents each at 2pm AEDT.

Shares in Monadelphous were up 0.8 per cent to trade at $17.42 each at 2.30pm AEDT.

Shares in Lycopodium were down 0.78 per cent to trade at $5.09 each at 2.30pm AEDT.  

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