$850m mining project in NT to create thousands of jobs
More than 2,000 jobs are expected to be created in the Northern Territory following the signing of a Project Facilitation Agreement (PFA) between Australian metals company TNG Limited and the State Government for an $850 million mining project.
The Mount Peake vanadium-titanium-iron mine project – located 280km north of Alice Springs – has been given A Major Project Status and the signing of the PFA is another milestone towards the development of the mine and the TIVAN metals refinery in Darwin.
“The Territory Labor Government is restoring trust in Government by creating jobs and the development of major projects such as the Mount Peake Vanadium-Titanium-Iron Mine will play a critical role.
“This is an $850 million project with potential for 500 jobs during construction and more than 200 jobs during operation of the mine, plus more than 1,200 jobs during construction and 400 jobs during operation of the refinery,” said Chief Minister Michael Gunner.
Project map (source: TNG Limited)
TNG is currently undertaking a various range of technical, engineering and environmental studies which will help in assessing this project before the company makes a Final Investment Decision. A full Environmental Impact Study will also be conducted throughout 2017, including stakeholder consultations.
Subscribe to Felix Project News today to receive the latest updates on this major project.
Don’t forget to check out the free infographic below which highlights a number of tips to help you win more hire work for your business.
Source: Australian Mining and NT Government Newsroom
Related Articles
$850m Coopers Gap Wind Farm in QLD now underway
Construction on the $850 million Coopers Gap Wind Farm on Queensland’s Darling Downs region is now underway, and the project is expected to support up to 200 jobs.
Road upgrades begin under $850m Torrens to Darlington package of works
Works are now underway on the first intersection and road upgrade at Selgar Avenue, delivered under the $850 million package of broader network and amenity upgrades along the final 10.5-kilometre section of South Road in South Australia.
New lithium mine in NT expected to create hundreds of local jobs
The Northern Territory is set to have its first lithium mine development, with the State Government granting the Mineral Lease to Core Lithium Ltd - under Lithium Developments (Grant NT) Pty Ltd - for the Finniss Lithium Project.