Projects Update: 2019
ELIWANA
Fortescue Metals Group (100%) www.fmgl.com.au Eliwana is set to replace production at the 30mtpa Firetail mine, and will further contribute to FMG’s new 60.1 per cent West Pilbara Fines iron ore product. • Capital cost: $US1.275 billion
• Jobs: 1900 during construction, 500 in operations
• Development start date: 2019
• First production: December 2020
• Mine life: 18 years
KOODAIDERI
Rio Tinto (100%) www.riotinto.com Koodaideri will deliver a new 43 million tonne iron ore production hub for Rio Tinto, and will be its most technologically advanced mine to date.
• Capital cost: $3.5 billion
• Jobs: 2000 during construction, 600 in operations
• Development start date: 2019
• First production: Late 2021
• Mine life: 30 years
MOUNT PEAKE
TNG Limited (100%) www.tngltd.com.au Open pit mining and onsite processing to produce a magnetite concentrate • Capital cost: $853 million for stage 1 and $969 million for stage 2
• Jobs: Up to 500 in construction and 175-250 in operations
• Development start date: 2019 (subject to further approvals) • First production: 2021
• Mine life: 17 years
NOLANS
Arafura Resources (100%) www.arultd.com An open cut rare earths mine with a targeted annual output of 3600 tonnes of neodymium and praseodymium (NdPr) and other by-products. • Capital cost: $US680 million
• Jobs: 400-500 in construction and 250-300 in operations • Development start date: late 2019 (subject to Final Investment Decision) • First production: 2021/2022
• Mine life: 40 years based on identified resources
SCONI
Australian Mines (100%) www.australianmines.com.au A cobalt-nickel-scandium project with a 2 million tonne per annum processing plant. • Capital cost: $1.35 billion
• Jobs: 500 during construction and 300 in operations
• Development start date: 2019 • First production: 2021
• Mine life: 18 years
OLIVE DOWNS
Pembroke (100%) www.pembrokeresources.com.au Greenfield metallurgical coal mine with a yield of up to 15 million tonnes of product coal per annum for steel production.
• Capital cost: $1 billion
• Jobs: 3500 in construction and 1000 in operations
• Development start date: 2019 • First production: 2020
• Mine life: More than 50 years
CARMICHAEL
Adani (100%) www.adaniaustralia.com A 10 million tonne per annum thermal coal mine, with plans to ramp up to 27.5mtpa. • Capital cost: $2 billion
• Jobs: 1500 jobs during construction
• Development start date: 2019 (pending approvals) • First production: 2021
• Mine life: 30+ years
CLEAN TEQ SUNRISE
Clean TeQ (100%) www.cleanteq.com Sunrise is one of the highest grade and largest nickel and cobalt deposits outside of Africa and one of the largest scandium deposits in the world. • Capital cost: $1.7 billion
• Jobs: 1000 in construction and 300 in operations
• Development start date: Mid 2019 • First production: 2019
• Mine life: More than 40 years
BYLONG COAL
KEPCO Bylong Australia (100%) www.bylongproject.com.au Open cut and underground mine expected to produce up to 6.5 million tonnes of run of mine coal per annum for supply to the thermal coal export market. • Capital cost: $1.3 billion
• Jobs: 650 in construction and 450 in operations
• Development start date: 2019 (subject to approvals)
• First production: [unknown]
• Mine life: 25 years
ROGETTA
Forward Mining (100%) www.forwardmining.com The biggest iron ore mine in Tasmania, Rogetta is forecast to produce 1mtpa over its initial mine life, and could fetch export revenues of up to $100 million a year. • Capital cost: $100 million
• Jobs: 200 jobs during construction and 100 jobs in operations
• Development start date: 2019 • First production: 2020
• Mine life: 30 years (initial 8 years)
SIVIOUR
Renascor Resources (100%) www.renascor.com.au Siviour the largest graphite deposit in Australia, and the fifth largest graphite deposit in the world with annual production of 123,000 tonnes.
• Capital cost: (Stage 1) $US29 million, (Stage 2) $US91 million
• Jobs: About 150 during construction and 100 during operations
• Development start date: Q4 2019 (pending approvals) • First production: 2020
• Mine life: 60+ years