SA Mines and Energy Journal : October-November 09
12 OCTOBER/NOVEMBER 2009 SA MINES & ENERGY JOURNAL INDUSTRY DEVELOPMENTS Being a national company our experience in WA, QLD and NSW has provided SKILLED with the experience and knowledge to assist you in forward planning so that you are prepared for the mining expansion that is inevitable in South Australia. Talk to SKILLED now so that you can be assured of having a sufficient workforce to get the job done. Plan -- Prepare -- Profit. Do You Know What's Coming? WE DO. Safety + Knowledge + Integrity + Leadership NCASK/357 For further information please contact a SKILLED mining services centre: Whyalla 08 8644 9111 Roxby Downs 08 8671 2566 Port Lincoln 08 8683 5237 At SKILLED we are committed to providing: Quality, Safety Conscious People Promoting and Attracting People to Residential Positions Training of Local Residents Flexible Labour Arrangements Project Based Workforce Solutions OHS Training SKILLED can help you focus on your core business by assisting you in all your staffing requirements. On the road to production Mining junior Iron Road says it has an inferred resource of 110 million tonnes of magnetite iron ore at its Warramboo project in South Australia. Shares in the company more than doubled after the announcement, which came after a test on a 1.7km portion of the project's strike length of more than 50km. The magnetite ore is about 19.4 per cent iron, making it less valuable than the high-quality hematite deposits in Western Australia's Pilbara region. However, Iron Road said concentrate made from the ore was 69.9 per cent iron with low levels of impurities. The company said it hoped to use an existing railway to transport the ore to the Eyre Peninsula for export. Managing Director Andrew Stocks said that assuming feasibility studies went well, he hoped that first production from the mine would be in 2013. "We are not looking at selling into the market in the next six months ... but I think we have one of the better projects in the country, " Mr Stocks said. Centrex signs deal with Chinese firm Adelaide-based Centrex Metals has signed a deal with China's tenth-largest steel group for iron ore exports from the Eyre Peninsula. Baotou Iron and Steel (Group) will take three million tonnes of iron ore over the next five years from Centrex's new Wilgerup hematite mine, 30km south- east of Lock. Baotou has also committed a further $40 million in staged payments towards the joint development with Centrex of magnetite iron ore deposits at the Bungalow project, east of Wilgerup. Centrex signed contracts about two months ago with Chinese company Wuhan Iron & Steel (Group) under which WISCO will invest up to $186 million in a joint venture to develop two magnetite iron ore projects in an area at the foot of Eyre Peninsula. Meanwhile, the company has rejected as "mischievous and unfounded" ongoing claims by Port Lincoln's fishing sector that Centrex's planned ore exports from the port will cause algal bloom outbreaks in local waters. The company reiterated it had initiated a series of stringent tests that proved there would be no impact on phytoplankton and no chance of algal blooms forming due to any iron ore entering the marine environment around the Port Lincoln wharf. Santos Tour Down Under Santos is the new naming rights sponsor of the Tour Down Under. The four-year deal will see the tour, which in 2009 became the biggest sporting event in South Australian history, renamed the Santos Tour Down Under. Tourism Minister Jane Lomax-Smith said the "exciting partnership" with Santos would take the event to a new level. "The investment from Santos will increase the marketing of the event, to attract even more visitors from interstate to travel to South Australia. " Santos Chief Executive Officer David Knox says "The event is deserving of a major partner and we are confident this partnership will help to strengthen the standing of the Santos Tour for years to come. "