16/03/2015 - 15:46

Tucker backs new iron ore venture

16/03/2015 - 15:46

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Daniel Tucker’s Carey Mining has emerged as a key backer of a proposed new Pilbara iron ore mine, which has been given the green light by the Environmental Protection Authority.

Tucker backs new iron ore venture
Carey Mining boss Daniel Tucker.

Daniel Tucker’s Carey Mining has emerged as a key backer of a proposed new Pilbara iron ore mine, which has been given the green light by the Environmental Protection Authority.

The EPA today recommended approval for the Australian Aboriginal Mining Corporation’s open-cut development north of Newman, which proposes to mine up to 4 million tonnes of ore a year.

The mining leases are adjacent to the existing Yandi mine, about 70 kilometres north-west of Newman.

According to the proposal documents, AAMC is part owned by leading indigenous mining and civil contractor Carey Mining, which will be the mining contractor for the project and facilitate indigenous training. Mr Tucker is on the AAMC board.

Mining will be undertaken above the water table in pits expected to be about 10 metres to 20 metres deep.

Also involved in the project are several people linked to Monogolian coal developer Aspire Mining.

Aspire managing director David Paull and former Aspire chief operating officer Fergus Campbell are on the board of AAMC and both companies share company secretary Philip Rundell.  

Another stakeholder is Twynam Agricultural Group, a diversified agribusiness founded in the early 1970s by John Dieter Kahlbetzer, reversing the recent trend of mining magnates investing in agriculture. 

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