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no-idea2016

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08/11/17

21:02

Post #: 28621179
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Originally posted by longrunsthefox ↑

ASHLEY MANICAROS, NT News
November 1, 2017 12:00am
Subscriber only
A JUNIOR miner has questioned why an economic analysis of onshore gas failed to include industries like his in its assessment.
The Scientific Inquiry into Hydraulic Fracturing released ACIL Allen Consulting’s independent economic assessment last week.
Verdant Minerals managing director Chris Tziolis said the failure was especially confusing given the Territory was “exporting gas” to sustain Queensland industry.
“It didn’t contemplate any downstream usage and I think it sold the Territory’s potential short, especially given we will be sending gas to Queensland to sustain a fertiliser industry through the North Gas Pipeline,” he said.
“Our project could be the starting point of attracting a much larger industry. At this moment, Australia imports most of its fertiliser. But we could have cheap access to phosphate and cheap gas which are important ingredients for the downstream production of fertiliser.”
ACIL Allen said it is not appropriate to model development of downstream industries on the basis of a new energy source alone, as development is based on many other factors.
Mr Tziolis’s Verdant Minerals proposes to develop the Ammaroo Phosphate Project, on Ammaroo Station, about 220km south east of Tennant Creek. Phosphate is a key ingredient in the manufacture of fertilisers.
The project will include an open cut mining operation and associated plant and mine site infrastructure to produce up to two million tonnes of phosphate rock concentrate for export.
The product will be transported to the Adelaide-to-Darwin railway via a purpose-built 100km rail spur.
The spur line has recently passed the first review stage of the $5 billion North Australia Infrastructure facility process.
Verdant has also released its draft environmental impact statement with the NT Environmental Protection Authority. The public and NT Government review period opened on Monday and will close on Friday, December 8. Once the review period is completed, Verdant will prepare a response to submissions in the form of a supplementary EIS for consideration by the NT EPA.
Verdant is targeting environmental approval and completion of the “bankable feasibility study” during 2018.

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So Tziolis and the rest of us have to wait for the reams of green and red tape to be cut. NT desperately needs projects like Ammaroo. Hopefully common sense prevails. December will be interesting for VRM.

Last edited by no-idea2016: 08/11/17

VRM Price at posting: 2.6¢ Sentiment: None Disclosure: Held
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of interest, page-12

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