All eyes are on NMDC as the Largest ever(~AUD35 million) research and development (R&D) project between Australiaand India could finally be approved by the final partner (NMDC) to sign the RCAJan 8th Board Meeting.
Looks like we may have potentially 2 projects Constructing in 2019 - Matmor R&D and Vic Coldry Project to look forwards to.
TImeline:
NMDC Board Meeting -Jan 8th
Ministry Approvals -Mid December- Jan 2019
Signing which also triggers Financial Closure -Late Jan / Early Feb 2019
Coldry Project Completionof Feasibility -By March 2019
Phase 3 to be completed by March 2019.
Upgraded fron 170,000 tonnes per annum to 600,000 tones.
India Project Construction Commencement - March/April 2019
Coldry Project ConstructionCommencement - ???
ECT Rep Summary ofTodays Q&A
Latrobe Valley Project
Also, expect an update on Latrobe Valley sometime this month.
Hopefully an announcement to say we are ontrack to complete Phase 3 feasibility study by March 2019.
Note: Phase4 is implementation and startup
Local Sales:
We have a number of leadswhich we will develop and inform the market of into Jan/Feb. Particularly,a restatement of the strategy of local sales co-ordinating more closely withthe Latrobe Valley project and boiler package deals.
Communications/ Marketing:
An outline of thecomms/marketing strategy prior to Jan 8th but it’s likely that the main eventto build significant interestwill be launched off the signing ceremony, where we hope to have significantGovt of India representation. Also, we are currently in discussion with a number ofspecialist/institutional investors and are keeping them abreast of developmentsas they occur.
I would say that there are a lot sitting onthe fence waiting for signing. – Tick Tock
Next 12 months sound like they are going t6obe busy in India and Australia with the 2 projects
All IMO
Cheers
M.oz
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