SEPTEMBER QUARTER HIGHLIGHTS
IRON ORE
- Government of Andhra Pradesh (GoAP) issues letter of assurance to the Company for land and approvals for the Company and Wei Hua’s joint development of greenfield steel plant in India. GoAP commits to provide land for the project and required approvals through a 21 day single portal process when applications made.
- Company and Wei Hua progress the joint venture with selection of feasibility providers and EPC companies.
- Phase Two wet beneficiation plant erection stage accelerates according to schedule with the erection of transformers at the electrical switchyard and control room and all Chinese equipment safely transported, traversed and placed into final plant position
- Specialist plant erection contractor on site assisting with Phase Two plant erection,providing the resourcing to move to completion on schedule.
- Phase Two plant commissioning stage commences on schedule with the mechanical and electrical components of the plants four process tanks, agitators and mixers
undergoing no-load and load testing.
- Offtake agreements are already in place with India’s JSW Steel and BMM Ispat for
Phase Two product.
- Offtake partner BMM Ispat Ltd (BMM) delegation visit site to review plant progress, and re-confirm BMM are able to consume all 200,000 tonnes per annum (tpa) of material produced by the plant and in addition will also consume proposed expansion production of additional 200,000 tpa.
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