Mineral Lease Granted for new Mount Peake mine
November 30th, 2018
Minister for Primary Industry and Resources, Ken Vowles, has today granted a mineral lease for the new Mount Peake mine in central Australia, a project granted Major Project status by the Territory Labor Government.
The Mount Peake mine has completed the NT Environmental Impact Assessment process and has also received Federal Government environmental approval under the Environment Protection and Biodiversity Conservation Act 1999 (Cth).
Subject to further operational approvals, TNG aims to begin construction of the new mine next year. The project has an estimated life expectancy of 17 years, following a two-year construction period.
The new mine will produce a vanadium, titanium and iron concentrate that TNG intends to transport by rail to a proposed new metals processing facility being planned for the Middle Arm Industrial Precinct in Darwin. Subject to approvals, TNG expects construction of the refinery to begin in 2020. Read more…