MZI counts on slow-down windfall to construct Keysbrook
PERTH (miningweekly.com) – Mineral sands developer MZI Resources on Wednesday said that the slow-down in construction activity in Western Australia’s resources sector could be a boon, as the company worked to bring its Keysbrook project into production.
The ASX-listed company noted that the slow-down in resources construction over the past six months gave MZI an excellent opportunity to achieve more favourable terms for the Keysbrook project.
This included the strong possibility of striking a fixed-price, lump-sum, turnkey contract for the development of the project, which the company said would provide greater certainty regarding development costs and schedules.
The slow-down in the mining services industry could also be advantageous, MZI said, providing the company with an opportunity to seek favourable proposals from selected mining contractors.
The project’s feasibility study was based on an owner-operator model; however, MZI said that the current market conditions provided an opportunity to reduce the forecasted operating costs.
MZI would now conduct a formal tender process for an alternative contract mining strategy.
The Keysbrook project will produce an average 91 000 t/y of mineral sands products.
MZI noted that it was on track to secure credit-approved offers from its two mandated joint lead arranging banks to develop the project, and added that it was continuing to progress a port services agreement with the Bunbury Port Authority, as well as other project-related commercial contracts.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...
VISIT SHOWROOM
We at Hawk High Pressure Pumps specialise in industrial pumps and pumping systems. Our high pressure washing equipment is locally manufactured and...
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
