Frances Creek ramps up

08 September 2007 | 07:21 Code : 15178 Geoscience events
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Australian resources group, Territory Resources is successfully ramping up production....
Frances Creek ramps up

  Australian resources group, Territory Resources is successfully ramping up production and railing at its FrancesCreek project ahead of its first shipment of iron ore next month.Territory has stockpiled more than 25,000 tonnes of high-grade iron ore at the Port of Darwin in preparation for its expected first shipment of 70,000 tonnes to China in September. Territory Chairman, Michael Kiernan said the historic project was progressing on schedule, with infrastructure and logistics in place for the first shipment. “Activity at FrancesCreek has really stepped up, with 100 staff and contractors on site, all mining equipment operational and the rate of production increasing by the day,” Mr Kiernan said. “We are now railing ore every day from FrancesCreek to Darwin. We are capitalising on the excellent access to infrastructure, with the Adelaide to Darwin rail line running within 15km of the project, providing immediate access to Australia’s closest port to China. “Our Port infrastructure is operational with a growing stockpile of high-grade ore, and commissioning of the port conveyor system now well advanced,” he said.Mr Kiernan said the Darwin Port Corporation had invested about $23m for the provision of bulk material handling facilities and commissioning of a new ship loader. Territory has spent about $9.5m in establishing storage and loading infrastructure for its iron ore exports.

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