Page 109 - pd289-Dec20-mag-web_Neat
P. 109

ploration drilling.                                                      north-west Queensland was the first site
           The drive, to be developed in compe-                                   in the world to trial and adopt our wire-
         tent footwall felsic rocks, will be positioned                           less explosives technology WebGen,”
         about 200m from the known mineralisation                                 Orica chief executive Alberto Calderon
         and provide a platform for resource defini-                              said.
         tion drilling of Golden Swan and additional                                “This  deal  shows  Glencore’s  confi-
         exploration drilling of the highly prospective                           dence in our technology roadmap, as
         Southern Terrace.                                                        well as aligning with their strategic vision
           WestAuz was set to mobilise to Black                                   for technology to deliver added value to
         Swan at the time of print with the aim of mak-                           their operations.”
         ing the first development cut in the new drive
         in early December.                                                       Strandline turns on the
           Poseidon plans to start resource definition
         drilling on the Golden Swan mineralisation in                            power at Coburn
         late Q1 2021.
                                                                                    Strandline  Resources  Ltd  has  taken
         Fenix on the road to                  Glencore’s Ernest Henry mine was the first   another important step towards develop-
                                                                                  ment of its Coburn mineral sands project
         development                          site in the world to trial Orica’s fully wireless   in Western Australia by appointing Con-
                                                       explosives technology WebGen  tract Power Australia as preferred con-
           Fenix  Resources  Ltd  has  awarded  two                               tractor to build, own and operate (BOO)
         key contracts for its Iron Ridge project in                              the requisite power generation facilities.
         Western Australia’s Murchison region.  Orica joins forces with             Coburn’s  purpose-designed  power
           The iron ore hopeful has executed a con-  Glencore                     infrastructure is based on a low-cost,
         tract for road transportation with Fenix Ne-                             low-emission solution integrating natural
         whaul Pty Ltd (previously Premium Minehaul   Orica  has  been  awarded  a  five-year   gas-fuelled generation with state-of-the-
         Pty Ltd), an incorporated JV established to   explosives technology contract for Glen-  art solar and battery storage technology,
         implement the  strategic alliance between   core’s Australian copper and zinc opera-  enabling Strandline to capture energy
         the company and Craig Mitchell, the founder   tions.                     supply cost savings relative to the DFS
         and former owner of major transport and lo-  Beginning in January, Orica will de-  published in June 2020.
         gistics provider Mitchell Corp.     liver the full suite of explosives technol-  The power station will be located near
           Fenix Newhaul has already ordered prime   ogy and blasting services across multi-  the mineral separation plant and de-
         movers and trailers for the project and se-  ple Glencore mines, including McArthur   signed for a maximum demand capacity
         cured funding for this specialist equipment   River (Northern Territory), Lady Lorretta,   of 16MW and average consumed power
         through a manufacturer.             Mount Isa Mines and Ernest Henry (all   of about 10MW. Natural gas will be sup-
           The contract is valued at $360 million for   Queensland) and CSA (New South   plied by others under an industry-stand-
         the estimated six-year life-of-mine, based on   Wales).                  ard long-term LNG  supply agreement
         a terminal gate diesel price of $1.34/L.   Orica  has  an  existing  supply  agree-  and trucked to an on-site storage and
           Fenix has also awarded an open-pit min-  ment  with  Glencore’s  nickel and  cobalt   re-vaporisation facility supplied by Con-
         ing and crushing and screening contract to   operations at Murrin Murrin in Western   tract Power, a wholly owned subsidiary
         MACA Ltd, valued at $185 million over the   Australia.                   of Pacific Energy Ltd.
         75-month term.                        The contract includes the supply of the   Both parties will now compile final con-
           MACA’s scope of work consists of open   world’s  first  fully  wireless  initiating  sys-  tract documentation to the satisfaction of
         pit mining services, including drilling and   tem WebGen, as well as the BlastIQ dig-  lenders. The contract will be based on
         blasting and loading and hauling, as well as   ital blast  optimisation suite of  products   a 15-year BOO commercial model with
         crushing, screening and stockpiling services   and the Bulkmaster 7 smart explosives   fixed  and  variable  payment  regime  for
         at the site.                        delivery system.                     power consumed over the term.
                                               “Glencore’s Ernest  Henry mine in






















         + 27 (0)11 028 1181  info@nucleusml.co.za   www.nucleusml.co.za



                                                                     aUSTRaLIa’S PaYDIRT   DeCeMBeR 2020 - JaNUaRY 2021    Page 109
   104   105   106   107   108   109   110   111   112   113   114