ATR – Astron Donald Mineral Sands Processing Plant – Australia - Project Profile
"ATR – Astron Donald Mineral Sands Processing Plant – Australia - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.
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Donald Mineral Sands Pty Ltd (DMS), a subsidiary of Astron Corporation Ltd (ATR), is undertaking the construction of a mineral sands processing plant in southeastern Australia.
The project involves the construction of a mineral sands processing plant with a processing capacity of 7.5 million tonnes per annum (MTPA) of crude ores.
It includes the construction of a mining unit plant (MUP) and a wet concentration plant (WCP), Mineral
Upgrade Plant (MUP), production units, storage units and loading and unloading facilities and the installation of related machinery and equipment.
On April 11, 2014, DMS signed an engineering, procurement and construction (EPC) framework agreement with China Machinery Engineering Corporation (CMEC).
On October 1, 2015, DMS signed an US$95 million EPC contract with CMEC to undertake design, procurement, civil engineering and construction, installation, training, commissioning, technical service and other works. CMEC is also responsible for equipment procurement and funding of the project. However, the contract is subject to conditions including:
1. Insurance application with Sinosure being approved and the premium paid;
2. DMS will finance 15% of project cost, i.e., US$18 million; and
3. DMS will acquire all necessary rights and regulatory approvals.
Under the contract, DMS and CMEC have 10 months to satisfy these conditions, although there is an option to extend this period up to 12 months.
Funding provided by CMEC will be in the form of seller's credit from a Chinese bank or any other channel.
On October 4, 2016, DMS and CMEC agreed to extend the time for satisfying the relevant conditions
precedent until May 1, 2017.
DMS is in the process of securing funds and awaiting for government approvals.
The project involves the construction of a mineral sands processing plant with a processing capacity of 7.5MTPA of crude ores in Murray basin, southeastern Australia.
The US$100 million project includes the following:
1. Construction of a mining unit plant
2. Construction of a wet concentration plant
3. Construction of production units
4. Construction of storage units
5. Construction of loading and unloading facilities
6. Installation of related machineryReasons To Buy