AMEX PORT
facility to open soon
Amex Resources Limited’s Mba Delta Ironsands Project facility at the Lautoka port is expected to be officially opened within the next few weeks.
It is understood that Prime Minister Voreqe Bainimaram has been approached to officiate at the opening of the multimillion dollar facility.
Initial opening
The initial opening did not take place in 2019 as planned.
No official date has been set and no comment on the opening could be obtained from the company.
Amex Resources started as Perth-based Australian stock exchange listed company.
It is now controlled by Chinese shareholders with a target of shipping processed ironsand to Chinese steel mills. Chinese port developer CCCC First Harbour Consultants Co Ltd began construction in October 2017, after the ground breaking ceremony was officiated by the then Minister for Lands and Mineral Resources Faiyaz Koya.
Investment
Over $255 million was invested in the project with a further $100 million earmarked for the completion of construction.
The port facility includes a massive ironsands processing building with its own port loading facility and office complex.
The company’s Mba Delta Ironsands orebody occurs as a simple flat lying blanket of fine to coarse magnetite-bearing black sand.
It is approximately 15 kilometres long by up to four kilometres wide located on the tidal and sub-tidal flats of the Ba River delta.
A fleet of up to four barges and a pusher tug will carry the product daily to the company’s role sole-use facilities nearby at Lautoka port. It has proved the orebody through numerous phases of exploration and development activities.