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So, jetzt ist eswohl besiegelt, Koolyanobbing wird zu 100% Portman gehören. Sprich jeder Cent, der für die Infrastrukturverbesserungen (Hafen, Eisenbahn) ausgegeben wird, kommt auch wieder Portman zugute. ========================================================= PORTMAN LIMITED Contracts signed to take 100% ownership of Koolyanobbing Prj Document date: Tue 18 Jul 2000 Released time: Tue 18 Jul 2000 12:18:11 Document No: 181479 Document part: A Market Flag: Y Classification: Progress Report -------------------------------------------------------------------------------- PORTMAN LIMITED 2000-07-18 ASX-SIGNAL-G HOMEX - Perth +++++++++++++++++++++++++ MEDIA RELEASE Portman Limited has passed another important milestone in its iron ore growth strategy with the official opening today (Tuesday) of the new storage facility at the Port of Esperance for its Koolyanobbing Iron Ore Project, marking the completion of the 1st stage of the project`s expansion. The new facility, the No. 2 Ore Shed, was officially opened today by Western Australia`s Deputy Premier, the Hon Hendy Cowan, and Transport Minister, the Hon Murray Criddle. The Shed is an important component of the new infrastructure required to underpin Portman`s plans to boost its iron ore output from Koolyanobbing to 8 million tonnes per annum. The new storage facility, which increases Portman`s stockpile capacity at Esperance by 140,000 tonnes, is already in use and an additional 50 locally built ore wagons will be fully operational by August 2000 on the rail link between Koolyanobbing and Esperance. Both developments coincide with the signing on 15 July 2000 of contracts for the restructuring of the Koolyanobbing Iron Ore Joint Venture with China`s Anshan Iron and Steel Complex (Angang). Effective from 1st January 2001, Portman will acquire Angang`s 40% interest and take 100% ownership of the Koolyanobbing Project. The restructuring reflects the new strategic directions for both organisations and fits in with Portman`s long-term iron ore growth strategy. The Company`s Managing Director, Mr Geoff Wedlock, said the new storage facility and ore wagons would facilitate an increase in exports from the Koolyanobbing operations to 3 million tonnes per annum by the end of 2000, underpinning the longer-term growth of the Koolyanobbing operations. "This is an important landmark in our vision for the Koolyanobbing Project, which is to establish it as a substantial and profitable independent exporter of iron ore to Asian markets," Mr Wedlock said. Mr Wedlock said other components of the expansion plans were progressing well. "Environmental approvals for the major expansion of the port at Esperance, which is being undertaken by the Esperance Port Authority (EPA), are well advanced and dredging is expected to commence during the second half of this year," Mr Wedlock said. The dredging program will enable the full loading of Panamax vessels in advance of the port`s ability to load Cape size ships in late 2001. The new port facilities will be funded, owned, managed and operated by the EPA to facilitate the Koolyanobbing expansion and to meet the needs of existing and future port users. Portman`s iron ore growth strategy is based on a major long-term expansion of the mining and processing operations at the Koolyanobbing mining complex, 50 kilometres north of Southern Cross. It followed the acquisition of additional high-grade resources at Mount Jackson and Windarling, some 80 kilometres north of the existing market opportunities. Portman is undertaking a $6 million exploration and development program targeted at evaluating the new leases and expects to identify additional iron ore resources of approximately 100 million tonnes of mineable ore for the project. Added to the existing resources at Koolyanobbing the planned resource base would be in excess of 150 million tonnes capable of supporting a long term expanded project. Koolyanobbing products are attractive to the Asian market, firstly as a source of new high quality lump ore, for which current demand exceeds supply, and secondly as an alternative to distant sources of low alumina ore such as South America. Koolyanobbing fines have the lowest alumina content of all Australian sinter fines and the highest iron content after Goldsworthy fines. Released by: On behalf of: Jan Hope / Nicholas Read Mr Geoff Wedlock Jan Hope & Partners MANAGING DIRECTOR Telephone: (08) 9388-1474 Portman Limited Telephone: (08) 9426-3333 |
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| aus der Diskussion: | Portman übernimmt Koolyanobbing zu 100% |
| Autor (Datum des Eintrages): | SelMckenzie (19.07.00 13:33:44) |
| Beitrag: | 1 von 24 (ID:1353343) |
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