NWH 1.30% $3.90 nrw holdings limited

Thanks Pioupiou . Earlier I forgot to link to our Early...

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    Thanks Pioupiou .
    Earlier I forgot to link to our Early Contractor Involvement notice on a May 1 of this year
    https://www.australianmining.com.au/news/nrw-secures-early-contractor-agreement-rio-tinto/

    .
    On June 18 Rio put out this media release https://www.riotinto.com/media/media-releases-237_25658.aspx
    It makes several references to Koodaideri - only to say that “work is progressing”

    This bit’s interesting and potentially relevant to us however

    Resource and mine development

    • A large drilling programme for 2018 is scheduled, with 700 kilometres of drilling scheduled at various operational hubs near existing mines in addition to exploration on new leases.
    • The Koodaideri feasibility study continues to progress. The project underpins the Pilbara Blend product and should be a low-cost operation with significant capacity optionality.
    • Expected spending of ~$2.2 billion on replacement mines over the next three years including initial spending on the Koodaideri, West Angelas and Robe Valley developments.
    • The $118 million Billiard South sustaining project is in development, helping to support Yandicoogina operations. Production is expected to commence in 2019.

    Operations
    • The Silvergrass mine continues to ramp up to its 21Mtpa capacity, running at an annualised rate of 15.3Mtpa at end of the first quarter of 2018.
    • Sustaining capital spending of ~$1 billion per year for the next three years in the Pilbara.
    • The pioneering AutoHaul® project is building future system flexibility. Following regulatory approval received in May, full implementation of the autonomous programme is anticipated by the end of 2018.
    • Rail and mine capacity is expected to match nameplate port capacity by the end of 2019.
    • The rail productivity programme, targeting every part of the rail system, will deliver additional capacity and flexibility to underpin our optimised supply chain design.”

    Cheers
 
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