NSW gives nod for mineral sands project
PERTH (miningweekly.com) – The New South Wales government has approved the development of the A$200-million Atlas-Campaspe mineral sand project being developed by Cristal Mining Australia.
The Singapore-listed company said that the positive decision on the Atlas-Campaspe mine followed nearly four years of investigation.
The Atlas-Campaspe deposit contains more than 6.5-million tonnes of heavy minerals, which would be concentrated and processed into ilmenite, leucoxene, zircon and rutile end products.
The project would have a mine life of about 20 years, employ around 200 workers, and would supply about 109-million tonnes of mineral sands, at a rate of 7.2-million tonnes each year.
The project was expected to deliver A$95-million in royalties.
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