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07:46
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Originally posted by hotdiggeydog
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Here's my positives and negatives on the annTNG has worked closely with the NTEPA to agree a scope of the required work to finalise the EIS submission. Some fieldwork is scheduled to commence shortly with other activities already in progress. Despite this delay, it is important to note that no major issues with the EIS have been identified by the NTEPA to date and no foreseen impediments to the development of the Mount Peake Mine Site Project are expected. An approved EIS is expected by the end of 2017. The EIS for the proposed Darwin processing site has also commenced and is expected to be completed by the end of 2017. The Company is not aware of any major issues to date, however for strategic planning purposes it is exploring other alternatives. Como Engineering & SMS TNG has recently hosted the leading German government owned KfW IPEX-Bank GmbH, a specialist financier in export- and project financing with a dedicated track record in Export Credit Agency backed financing. The meeting was attended by the KfW IPEX-Bank mining finance team and the SMS group head of finance together with other SMS executives. The parties plan to reconvene in Germany once the revised CAPEX, OPEX and financial model for the Mount Peake Project is available. TNG is positive about the discussions to date and remains optimistic on the outcome. In addition, TNG has received non-binding expressions of interest for the equity component of the project funding. The Company’s Financial Advisor, Gresham Partners, is preparing a full financial model for presentation to KfW IPEX-Bank and other parties Working Capital
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PB under promise and over deliver??
