Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Mining News of Note -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (37544)	5/24/2009 11:03:46 AM
From: LoneClone	Read Replies (1) \| Respond to of 194964

New mine to give SA a $470m boost May 20, 2009 businessday.com.au A mineral sands development, tipped to be worth more than $470 million to the South Australian economy, has been given final approval. Perth-based Iluka Resources will employ 110 people at the mine in SA's Eucla Basin. It will produce 300,000 tones of zircon, 30,000 tonnes of rutile and 160,000 tonnes of ilmenite each year, key components in everyday products including ceramics and paint. Acting Mineral Resources Minister Michael Wright said the new mine had met the highest environmental standards. "Investment in the project will contribute more than $470 million to the state's economy, as well as providing royalties and export income for South Australia," Mr Wright said on Wednesday. Mining operations at the site, about 200km from Ceduna, were scheduled to start in the first quarter of 2010 with production continuing for more than 10 years.