www.coalportal.com Australian Coal Report February 2007 Lab trials lift for Monto Minerals Emerging industrial minerals player, Monto Minerals, hopes to develop a high value sideline in new coal processing mineral titanomagnetite, after laboratory trials confirmed it as a promising business pathway. Monto Minerals is developing a feldspar, ilmenite and apatite deposit at Goondicum, 100km south of Gladstone in central Queensland, with construction well advanced for production in the second half of this year, according to the company’s financial year Q2 report. Full-scale testing of the Goondicum titanomagnetite as a heavy media coal washing agent in a commercial plant started during the quarter. The trial, managed by the Australian Coal Industry Research Laboratory (ACIRL), established successful coal separation, but further work will be undertaken to determine detailed operating and commercial parameters. The company says it is in discussions with other parties to determine the most effective way to introduce its titanomagnetite in the coal mines in Queensland and New South Wales.
MOO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held