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Mine unconfirmed: Broad

Member for Mallee Andrew BroadMEMBER for Mallee Andrew Broad has stressed there is no guarantee a proposed mine at Drung will go ahead.
南京夜网

It comes after an announcement last week the Australian share of theproposed WIM150 mineral sands mine would be sold to a Hong Kong company.

Australian Zircon is in the process of selling its 80 per cent joint venture interest in the project.

The proposed purchaser has paid a $2-million deposit for the project.

Orient Zirconic Resourcesowns the other 20 per cent.

The WIM150 Mineral Sands Project at Drung will target heavy minerals including zircon.

The total area identified for mining is about 3500hectares.

Mr Broad said if the project was sold to an overseas investor, there could still be positives for people in Australia.

“I like to see Australians receiving as much of a share of Australian resources as much as we can,” he said.

“Assuming it would go ahead, we have the ability to charge royalties.”

Mr Broad said at this stage it was too early to even consider the ramifications of the proposed project’s owners being overseas.

“There is a lot of water that needs to go under the bridge before anything can eventuate,” he said.

Mr Broad said the project had to be approved at state government level with an environmental economic statement and at federal level through the environmental protection diversity act.

Developers are working to get state government approval through a Environmental Effects Statement.

Australian Zircon WIM150 project manager Andrew Reeves said the company would likely cease to finish obtaining state approval before it sold its joint venture interest.

Mr Broad said all of these processes were important to ensure the mine would be right for the region.

“The first thing we need to do is get it right,” he said.

“We need to know if the project is going ahead, and if if it is going ahead in an environmentally friendly way.

“If it’s not going to tick the environmental boxes, it just won’t go ahead.”

Australian Zircon has been working on the WIM150 project since 2004.

The companyhas already completed technical and environmental studies including a Bankable Feasibility Study and subsequent optimisation studies.

The company’s website states construction isplanned for 2017, with mining to start in 2018.

If the project goes ahead, Australian Zircon expects it would havea life-span of more than60 years.

A groups of farmers who own land at St Helen’s Plains have been fighting the mine proposal for several years.

Residents have raised concerns about the effects the mining process would have on the environment, including the effects on Taylors Lake.

Protesters have vowed to take their fight to federal government.

This story Administrator ready to work first appeared on Nanjing Night Net.

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