Mayur Resources Iron Ore Sand Mine project in PNG's Gulf to start
MAYUR Resources’ (MRL) plans to build a pilot plant at its Orokolo Bay industrial sands project in in PNG's Gulf Province next year remain firmly on track following the purchase of key plant equipment and mobile machinery.
The company, in a statement, said construction, commissioning and operation of the small-scale bulk sampling pilot plant represented stage one of the company’s joint venture with China Titanium Resources Holdings (CTRH), who will invest up to US$25 million (K57.67 million) for a 49 per cent stake in the Orokolo project.
The pilot plant would produce up to 100,000 tonnes of iron ore sands per annum to provide commercial scale test shipments of product to potential off takers.
In turn, the company would seek to convert its existing letters of intent into binding long-term off take agreements for the planned full-scale plant.
Processing for the pilot phase would involve simple near surface sand extraction and mineral separation by low intensity magnets.
The inventory being delivered to CTRH’s facility in China ahead of shipment to PNG includes:
Process plant equipment including low intensity magnetic separators (LIMS); and,
Mobile machinery including haul trucks, excavator and a wheel loader.
Fabrication of the steel work for the project had commenced in China and Mayur is due to undertake acceptance inspections in February.
Mayur and CTRH also finalised detailed operations manual for the project, documenting requirements and procedures that would enable greater efficiencies, reliability and consistency in outputs. Apart from being an essential risk control document, the manual would provide a knowledge base for the project that would be periodically reviewed and updated.
Managing director Paul Mulder was pleased with the progress on the project which he described as a relatively simple, low impacts and mining operation with no requirement for chemical processing, grinding or tailings dams. “The commencement of this procurement and the associated JV site visit are important steps in the development of the Orokolo Bay Project,” Mulder said.
“We also continue to work closely with the Mineral Resources Authority, Gulf government and the local communities to bring this project.”