South Johnstone proves viable for Queensland Bauxite
PERTH (miningweekly.com) – A scoping study into the South Johnstone bauxite project, in Queensland, has confirmed the potential for early production, owner Queensland Bauxite said on Thursday.
Based on an initial mining operation of about 800 000 t/y of bauxite, the South Johnstone project was expected to require a capital investment of A$5.14-million and would have an operating cost of some A$20.87/t free-on-board.
The scoping study estimated that the project would have a net present value of some A$75.67-million, an internal rate of return of 278%, and would generate gross revenue of A$44.1-million a year.
“The outstanding results of the South Johnstone scoping study show a highly profitable project, which will deliver significant free cash flows,” said Queensland Bauxite executive chairperson Pnina Feldman.
“The study validates the opinion of the company that South Johnstone ticks all the boxes with low capital expenditure, low operating costs, significant operating margins and fast-track to production. We are positioned to become a competitive, highly profitable producer with a plan that aims to deliver the timely and economic development of the project,” Feldman added.
Queensland Bauxite’s priority was to get the Stage 1, 800 000 t/y project into production by the second half of 2015, given that the existing infrastructure and capacity was currently available to support this level of production.
The company would then look to implement a Stage 2 development, which would increase production from Lake Johnstone to between three-million and five-million tonnes a year.
Feldman said on Thursday that Queensland Bauxite would use the scoping study to further advance discussions with potential offtake partners, stakeholders and financiers, in order to fast-track the project development.
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
Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.
VISIT SHOWROOM
As a reticulator, Egoli Gas provides natural gas to homes and businesses via underground pipes.
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
