Iluka Opening News
South Australia’s next major mine will be operating before the end of this year. “We’ve got a pretty fair chance of starting before Christmas”, the South Australian head of Iluka Resources, Hans Umlauff, said of the company’s mineral sands project in the state’s Far West.
If Iluka achieves this goal, it will have built its mine nearly six months ahead of schedule and up to $20 million below its budget of $420 million.
Construction proceeded rapidly after Iluka received a mineral lease in July last year and the company set a target of opening in the first half of 2010.
“The Eucla Basin will be a major new province and become the centre of Australia’s mineral sands industry for the next 50 years”. Paul Holloway. Minister of Planning & Development.
“Iluka has been spending serious amounts of money in the area.” Ceduna Mayor Allan Suter.
