SP – Stockman Mine Development – Victoria - Project Profile
"SP – Stockman Mine Development – Victoria - 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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Stockman Project Pty Ltd (SP), a wholly owned subsidiary of Independence Group NL is planning to develop a mine in Benambra, Victoria, Australia.
The project involves the development of a copper-zinc-lead-silver-gold mine with a production capacity of 1 MTPA on 126,344ha of land. It includes the recommissioning the Wilga underground mine and developing a new Currawong underground mine.
The project includes the construction of a processing plant, 16MW site gas-fired power station, 170 worker accommodation units, access roads, water pipelines,
Mining and Cost Engineering Pty. Ltd has been appointed as engineering consultant and Mining One Pty Ltd as lead consultant.
In 2011, Independence Group NL acquired the project.
In July 2012, SP signed a Memorandum of Understanding (MoU) with East Gippsland Shire Council to develop the project.
In 2013, the feasibility study on the project was completed.
In October 30, 2013, SP received approvals from the Government of Victoria.
On October 31, 2014, the project received environmental approvals.
An optimization study was completed in the fourth quarter of 2014 with key results released on November 28, 2014.
On May 20, 2016, SP announced to suspend the proposal. The Council has a MoU with the mine proponent. At the May 2016 meeting Council decided to extend the MoU.
On June 14, 2017, IGO signed an agreement to sell the project to CopperChem for US$36 million.
IGO is in the process of selling the project to CopperChem and the final transaction is scheduled to be completed by September 2017, subject to the ministerial approvals for the transfer of the mining tenements.
The project involves the development of a copper-zinc-lead-silver-gold mine with a production capacity of 1 million tonnes per annum (MTPA) on 126,344ha of land in Benambra, Victoria, Australia.
The US$400 million project includes the following:
1. Construction of a processing plant
2. Construction of 16MW site gas-fired power station
3. Construction of 170 worker accommodation units
4. Construction of access roads
5. Construction of water pipelines
6. Construction of related infrastructure
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