Hi Guys, I don't know if this has been reported yet, but the company has started design work at Townsville Port. This is more signs of the company is driving itself to mining.
"CUDECO PLANS $15M COMPLEX
The firm contracted to design this Cloncurry copper venture?s Townsville port facilities will draw on local bulk material handling expertise.
Engineering consultants the Robert Bird Group have started preliminary planning and design work for a mineral concentrate storage and loading facility at the Port of Townsville for copper junior CuDeco.
The project is expected to cost about $15 million, with construction due to commence later this year, according to CuDeco construction and logistics manager John Green.
Costings would become clearer upon the completion of the development application to the Port of Townsville, he said.
While the design work was only in its preliminary stages, Mr Green said CuDeco would strive to establish the most environmentally friendly operation in the port precinct. CuDeco is proposing a facility with a storage capacity of up to 200,000 tonnes of mineral concentrate in its first phase, later increasing to 400,000 tonnes.
Copper and cobalt concentrates would be transported from the storage shed to waiting ships via a portable, fully enclosed ship loader capable of shifting 3000 tonnes per hour. The company recently signed an agreement to lease with Port of Townsville Limited for the storage and handling site, which is adjacent to the BHP Billiton Cannington export facility. The Robert Bird Group is leading the project and will engage various sub-consultants with bulk materials handling expertise to achieve the best outcome for CuDeco.
Group mining and infrastructure business development manager Robert Bird ? whose father founded the international company - said all of that expertise would be drawn from the North Queensland region. The Townsville-based firms being engaged for the project include LCJ Engineers and RPS. Mr Bird said his team would be investigating and costing various options for the facility,including a proposed rail loop. CuDeco also recently announced that it had secured an agreement in principle with Ostojic for storage, weighbridge and loading capacity at that company?s rail spur and bulk material handling facility in Cloncurry. That facility is located about 15km from CuDeco?s Rocklands group copper project.
CuDeco aims to begin production from the Cloncurry site from late 2012 and expects to produce up to 300,000 tonnes of copper/gold and cobalt/pyrite concentrate annually."
Details of report is found in page 30 of http://www.industryadvocate.com.au/editions/TMA_Jan_11.pdf
One thing that needs to be clarified is how is all this being financed as well as the Production facility.
We wait and see.
Good Luck to holders,
Desie101
CDU Price at posting:
$3.35 Sentiment: Hold Disclosure: Held
