Coronavirus company news summary – WA, Austmine open mining export hub – GIDC receives more time for Dongri Tal coal block – Ironbark Zinc to improve feasibility of Citronen project

7 September 2020 (Last Updated September 7th, 2020 09:31)

7 September

The Western Australia (WA) government and Austmine have opened the METS Digital Mining Export Hub in Port Hedland to enable the state to build export capacity and opportunities between regional, remote and metropolitan small and medium sized enterprises (SMEs). Mines and Petroleum Minister Bill Johnston said that the export hub will be vital in supporting the State’s recovery post-Covid-19, and will also be a boost to jobs and local economies. The launch featured the first of a series of outreach activities that have been designed to engage with the State’s METS businesses.

Goa Industrial Development Corporation (GIDC) has received a 45-day extension to pay the performance security and appoint a transaction advisor for the Dongri Tal II coal block at Singrauli, located in the Indian state of Madhya Pradesh. GIDC wrote to the Union ministry of coal requesting more time for completing these coal block formalities due to Covid-19. Goa secured the block as part of the fifth tranche of allotment by the coal ministry.

Ironbark Zinc is set to further improve the feasibility and economics of its 100%-owned Citronen Zinc-Lead Project in Greenland with optimisation work aiming to make operational improvements to the mine plan. Ironbark managing director Michael Jardine said that the board remains committed to its strategy of completing the refresh of all key elements of the previous feasibility study work before pursuing a project investment decision. Despite difficulties arising from the Covid-19 pandemic, all study streams are expected to be finalised by the first quarter of next year.