03 NOVEMBER 2014Resourceinvestingnews.com
Metallica Minerals signs supply contract with consulmet for Cape York Bauxite and Heavy Mineral Sands JV
Edited by : AL CIRCLE
1 min read
Metallica Minerals Limited (“Metallica”) is pleased to announce that the Cape York Bauxite and Heavy Mineral Sands (HMS) Joint Venture has executed a legally binding Supply Contract with Consulmet Pty. Ltd (“Consulmet”) for the Urquhart Point HMS Projecton the western coast of Queensland’s Cape York Peninsula.
The Contract is a fixed price turnkey contract to supply and commission the HMS concentrator plant on site at Urquhart Point,3km west of Weipa, Cape York.
Consulmet will now commence construction of the modularised plant in South Africa, and this will then be delivered to Weipa and assembled. The plant is expected to be commissioned late in May 2015 with HMS production commencing in June 2015.
The Joint Venture is between Metallica’s wholly-owned subsidiary, Oresome Australia Pty Ltd and a private Chinese investor. For further information regarding the Joint Venture please refer to ASX Release dated 1 August 2014.
The Contract is a fixed price turnkey contract to supply and commission the HMS concentrator plant on site at Urquhart Point,3km west of Weipa, Cape York.
Consulmet will now commence construction of the modularised plant in South Africa, and this will then be delivered to Weipa and assembled. The plant is expected to be commissioned late in May 2015 with HMS production commencing in June 2015.
The Joint Venture is between Metallica’s wholly-owned subsidiary, Oresome Australia Pty Ltd and a private Chinese investor. For further information regarding the Joint Venture please refer to ASX Release dated 1 August 2014.
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