The Asia Miner

APR-JUN 2019

The ASIA Miner - Reporting Important Issues to Mining Companies in the Asia Pacific Region

Issue link: https://asiaminer.epubxp.com/i/1104901

Contents of this Issue

Navigation

Page 20 of 71

the asia miner • volume 16 • issue 2 19 WASTE TO ENERGY Australia's naঞonal science agency, Commonwealth Scienঞfic and Industrial Research Organisaঞon (CSIRO), has developed a smelঞng process to produce soluble phosphate for ferঞliser from low value ores, eliminaঞng hazardous waste and making producঞon more economically and environmentally sustainable. Phosphate is a key ingredient in ferঞlisers and essenঞal for plant health and growth. The AUD$73 billion global phosphate market conঞnues to grow as demand for ferঞliser increases to meet food producঞon needs. CSIRO team leader, Keith Barnard, said the CSIRO- developed PyroPhos process offers a simpler, safer and more efficient alternaঞve to convenঞonal phosphate producঞon processes. "The PyroPhos smelঞng process uses high temperature to extract phosphate from ores, producing prized phosphate feedstock and a glassy gravel that can be used in road base construcঞon and Portland cement," Dr Barnard said. "A major benefit of the process is that is can be used on lower grade ores giving phosphate miners and processors the opportunity to increase their producঞvity in an environmentally sustainable way." The PyroPhos process is exclusively licenced to PyroPhos, a subsidiary of Process Capital. Director of PyroPhos, Mark Muzzin, believes it's a unique technology offering in the soluble phosphate ferঞliser market. "Our networks and investor base give us the ability to connect PyroPhos technology to the global phosphate industry," Mr Muzzin said. "We have had an excellent response from the industry and believe it has the ability to make a major impact." PyroPhos technology has emerged out of decades of research from CSIRO's award-winning Sirosmelt innovaঞon and pryometalurgical experঞse. CSIRO technology, PyroPhos, looks to contribute to the global phosphate market Firing up phosphate production Newmont Mining has completed the Tanami Power Project in Australia safely and on schedule. The project included the installaঞon of two power staঞons, a 66kV interconnected power line, and a 275 mile (450 kilometre) natural gas pipeline. The pipeline was built and will be maintained by Australian Gas Infrastructure Group, while the power staঞons were constructed and will be operated by Zenith Energy. Capital costs are esঞmated at approximately AU$245 million with annual cash lease payments over a 10- year term beginning in 2019. The successfully completed project is expected to provide the Tanami gold mine a safe and reliable energy source while lowering power costs and carbon emission by 20 per cent. The project is expected to generate net cash savings of AU$34 per ounce from 2019 to 2023, delivering an Internal Rate of Return of greater than 50 per cent. "In addiঞon to lowering costs and carbon emissions, the completed Tanami Power Project will pave the way to further extend the life of the operaঞon," said Gary Goldberg, Chief Execuঞve Officer. "Consistent execuঞon and delivery remain the hallmark of our ability to generate free cash flow and create long-term value for our shareholders and other stakeholders. Compleঞon of the project coincides with Tanami pouring its 10 millionth ounce of gold on the back of record producঞon of 500,000 ounces last year. This achievement is a testament to the skill of our team as well as our valued partnership with the Warlpiri people, the Tradiঞonal Owners of the land." Tanami is Australia's second largest underground gold mine and one of the most cost compeঞঞve gold producers in the world. Newmont's conঞnued exploraঞon success at Tanami has created the potenঞal to extend mine life beyond 2028, with addiঞonal upside through a possible second expansion project that the Company expects to make a full funding decision on in the second half of 2019. Last year, more than 800,000 ounces of gold Resources were converted into Reserves from Tanami's Auron ore body. Newmont completes the Tanami Power Project in Australia Newmont's Tanami (Granites) natural gas power staon in Northern Territory, Australia. (Photo: Business Wire)

Articles in this issue

Archives of this issue

view archives of The Asia Miner - APR-JUN 2019