Grange looks for Southdown partner, shuts Perth office
PERTH (miningweekly.com) – Magnetite miner Grange Resources on Wednesday reaffirmed its commitment to the Southdown project, in Western Australia, denying speculation that it had not taken a decision to shelve the project.
In November last year, Grange announced that it would “significantly reduce” spending on its 70%-held project, spending only A$2.5-million during 2013 and reducing the project management team from 24 to 6.
The ASX-listed Grange told shareholders on Wednesday that all tenements, permits and project assets at Southdown would continue to be maintained in good order, and added that the company was in the process of seeking an equity partner for a strategic share of Grange’s interest in the project.
The A$2.8-billion Southdown project is jointly owned by Grange and Japan’s Sojitz Resources and Technology Australia, which holds a 30% interest.
Meanwhile, Grange this week announced that it would be closing down its Perth office during June this year, with all remaining Perth-based functions relocating to the company’s Tasmania office.
As a result of the restructure, MD Richard Mehan would resigned from the company, effective from June 4.
The company’s COO Wayne Bould has been appointed as Mehan’s replacement. He has over 40 years of practical and managerial experience in the petroleum, forestry and mining sectors.
Bould has been with Grange since 2008.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Showroom
Axiom Hydraulics is a trusted leader in South Africa’s hydraulic industry, delivering world-class components, systems, and engineering expertise...
VISIT SHOWROOM
Your global lifecycle technology & service partner for materials & minerals processing equipment for coal, iron ore, copper, manganese & other...
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
