Titanium Sands has secured Stage 2 funding for its Mannar Island mineral sands project in northwest Sri Lanka. A recent meeting with the Finance Ministry supports the Industrial Mining Licence process and environmental studies are near completion. The funding will finalise studies and push the project forwards towards heavy mineral sands production.
Titanium Sands Limited has locked in its Mannar Island heavy mineral sands project for a final push towards production, after the Sri Lankan government extended its four key exploration licences. The retention paves the way for the company to complete ongoing environmental studies and brings it closer to securing the all-important industrial mining licence for its high-grade mineral sands deposit.
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Titanium Sands Ltd has cleared another big hurdle in its quest to bring its vast Mannar Island heavy mineral sands project in Sri Lanka into production after the country's environmental authority issued terms for the company's pivotal environmental impact assessment. The milestone sets the stage for the final environmental studies required for Titanium Sands to secure an industrial mining licence to bring its high-grade deposit into production.
Titanium Sands has won approval from Sri Lanka's Geological Survey and Mines Bureau to consolidate the five main licences at its Mannar mineral sands project to assist the process of obtaining an industrial mining licence. The consolidation is a requirement of the country's “Board of Investment” in order to seek foreign investment approval for the project.
Titanium Sands is a significant step closer to securing a mining licence for its $545 million Mannar Island heavy mineral sands project in Sri Lanka after landowners affected by the operation signed land access agreements. The company describes the agreements as a milestone moment that takes it further towards completing its environmental impact obligations at the site.
Titanium Sands has taken another step towards securing a mining licence for its heavy mineral sands project on Sri Lanka's Mannar Island after lodging a formal submission with the area's Central Environment Authority. The company says the CEA and environmental impact assessment consultants recently joined its Sri Lankan staff members on the island for a site visit as it continues to push its mining case.
Sri Lankan government legislation designed to promote its mineral sands industry and exports has delivered a major boost for Titanium Sands and its bold development plans for its project on Mannar Island in the country's north-east. The recent legislation was brought in to ensure local participation in adding value to related products earmarked for export.
The long-running saga of the Windimurra vanadium project has taken a new turn, with listed company Atlantic pitching a low-ball offer to buy the $560 million development from one of its own subsidiaries.
Atlantic is using a big insurance payout to rebuild the Windimurra vanadium plant nearly a year after a fire forced the project to shut down, but the company still faces major operational and financial challenges.
A consortium led by aggressive Perth-based mining services group Mineral Resources will revive the stalled Windimurra Vanadium project near Mt Magnet, after striking a deal with administrators and receivers.
Windimurra Vanadium Ltd today completed a $25 million capital raising, joining a handful of small and mid-cap mining companies thathave defied the market downturn to raise additional funds.
Windimurra Vanadium Ltd has announced the appointment of Dr Wolf Martinick as chairman, replacing previous chairman Michael Kiernan who resigned from the company last week.
Windimurra Vanadium announces that Chairman Michael Kiernan and non-executive director Andrew Simpson have resigned from the Board, effective from 5pm Friday 29th February 2008.
Windimurra Vanadium Ltd is set to launch a $54.8 million rights issue to fund planned development at its namesake project in Western Australia's Mid-West region.
West Perth-based Precious Metals Australia Ltd plans to change its name to Windimurra Vanadium Ltd in a move to reflect the company's focus on its mid west project, whit it aims to bring into production next year.
West Perth-based Precious Metals Australia Ltd has signed agreements worth $35 million over three years for a supply of natural gas to its Windimurra vanadium mine, the company announced today.
WEST Perth-based mineral explorer Precious Metals Australia Ltd has received $13.5 million from the sale of a 9.9 per cent interest in subsidiary Windimurra Vanadium Pty Ltd to Noble Resources Ltd.
West Perth-based mineral explorer Precious Metals Australia Ltd has received $13.5 million from the sale of a 9.9 per cent interest in subsidiary Windimurra Vanadium Pty Ltd to Noble Resources Ltd.
Precious Metals Australia has launched legal action against Swiss miner, Xstrata, seeking damages as well as the reopening of the Windimurra vanadium mine near Mt Magnet.
