EXPLORATION & DEVELOPMENT

TNG cuts costs

THE potential of the Mount Peake vanadium-titanium-iron project in the Northern Territory has been upgraded following completion of an update to its feasibility study by 100% owner TNG that has knocked A$117 million from capital costs, although operating costs are up almost $20 per tonne.

Haydn Black

TNG cuts costs

The update just has cut the payback period for the new $853 million development by one year to three years and squeezed an additional 3% on the pre-tax internal rate of return, although production costs...

Start a free trial to continue reading this article

Already have an account? Sign in here

MORE ON THIS TOPIC

NEXT: Marindi finds Pilbara nuggets
PREVIOUS: Tawana races to production

MOST POPULAR

1

EXPLORATION & DEVELOPMENT

BHP Xplor programme looking for big ideas, not drill data

2

CAPITAL MARKETS

Executive Outcomes: Balkan, Deep Yellow and more

3

MINERS

Speed up electrification, Rio boss tells Western governments

4

MINERS

Bill offers employees bonus Develop shares in return for service

RESEARCH

Premium subscribers only

View more

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

THE ASPERMONT BRAND PORTFOLIO

Copyright © 2000-2024 Aspermont Ltd. All rights reserved. Aspermont Limited (ABN 66 000 375 048), PO Box 78, Leederville, Western Australia 6902