Toro soothes fears over Wiluna time frame
JOHANNESBURG (miningweekly.com) - Uranium developer Toro Energy on Friday told shareholders that the federal government’s delay in handing down an environmental approval for its Wiluna project, in Western Australia, would not affect the project’s time frame.
MD Greg Hall said that federal Environment Minister Tony Burke was seeking more information regarding the potential impacts of the project on the area’s water resources, and the safety of the proposed tailings burial depth after project completion.
“Toro is confident that it can adequately respond to the three issues raised by the Minister to allow him to make a decision on the project well before the stated timeframe,” Hall said.
Burke has extended his decision timeframe until the end of March next year.
Hall on Friday reiterated that the additional time to a federal decision on the project would not, at this stage, impact the overall project schedule. Subject to final federal approval, project financing and the uranium market conditions, a final investment decision on the Wiluna mine was expected during the second half of 2013, with first uranium sales targeted for 2015.
While Toro was waiting on the federal government, the company was continuing to engage with potential joint venture partners to assist in financing the mine’s construction, in return for long-term uranium offtake arrangements.
Hall said that the number of groups engaging in negotiations has increased since the state government approved the project in October this year. However, while confidentiality agreements were in place and access to the data room has been granted, these negotiations were expected to take until at least mid-year.
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
Design, Construction and Maintenance of Site Erected, Welded Bulk Storage Tanks for the Petrochemical, LNG, Ammonia and Sustainable fuel Sectors.
VISIT SHOWROOM
ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...
VISIT SHOWROOM
Press Office
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
