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| HOME >> Topics List >> May, 2009 >> 15 (Fri) |
| Centrex Metals Granted Signed Ministerial Offer For Mining Lease |
| = On Wilgerup Hematite mining = |
|
Australian Centrex Metals Limited announced May 14 that a signed offer for a 10-year Mining Lease for the Company's mainstay Wilgerup Hematite mine, 30 km southeast of Lock on Eyre Peninsula, has been received from the Ministry for Mineral Resources Development in South Australia. The Mining Lease offer marks the penultimate step in the Company's progression from explorer to producer on Eyre Peninsula. The offer of a Mining Lease includes specific site environmental and operating conditions that must be accepted by Centrex for the Mining lease to be registered by Primary Industries and Resources South Australia (PIRSA). Centrex has reviewed the site specific lease conditions and believes they represent sound industry practices and do not present onerous requirements upon the Company. Prior to mining commencing on the Wilgerup site, Centrex will finalize and submit a Mine and Rehabilitation Plan (MARP) for approval by PIRSA. The Board of Centrex said it is pleased with this latest milestone achievement and the expected flow-on benefits of employment, increased consumer spending and royalties that will result for Eyre Peninsula and South Australia. The Company intends to employ locally and invest in local businesses where appropriate to maximize the benefits to the State. Centrex has also submitted a Development Application for approval to export hematite iron ore from the Wilgerup mine through Port Lincoln on the southern tip of Eyre Peninsula. The Development Application is currently being reviewed and assessed by the Development Assessment Commission (DAC). DAC is expected to forward a recommendation to the Minister for Mineral Resources Development in the coming weeks. |
| last modified : Wed 20 May, 2009 [10:48] |
