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$850m mining project in NT to create thousands of jobs

Projects

tng-limited-mount-peake-tivan-project-nt.jpg
Posted by Monica Gameng

More than 2,000 jobs are expected to be created in the Northern Territory following the signing of a Project Facilitation Agreement (PFA) between Australian metals company TNG Limited and the State Government for an $850 million mining project.

The Mount Peake vanadium-titanium-iron mine project – located 280km north of Alice Springs – has been given A Major Project Status and the signing of the PFA is another milestone towards the development of the mine and the TIVAN metals refinery in Darwin.

“The Territory Labor Government is restoring trust in Government by creating jobs and the development of major projects such as the Mount Peake Vanadium-Titanium-Iron Mine will play a critical role.

“This is an $850 million project with potential for 500 jobs during construction and more than 200 jobs during operation of the mine, plus more than 1,200 jobs during construction and 400 jobs during operation of the refinery,” said Chief Minister Michael Gunner.

p1.jpgProject map (source: TNG Limited)

TNG is currently undertaking a various range of technical, engineering and environmental studies which will help in assessing this project before the company makes a Final Investment Decision. A full Environmental Impact Study will also be conducted throughout 2017, including stakeholder consultations.

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Source: Australian Mining and NT Government Newsroom

Monica Gameng

Monica Gameng

As PlantMiner's Marketing Assistant since 2015, Monica is responsible for researching and sharing new and progressing projects within the construction and mining sectors in Australia. It's no surprise that Monica has her finger on the pulse of Australian major projects given she has produced more than 1000 posts. She truly is an industry expert. Monica's passion for educating and inspiring readers saw the PlantMiner blog recognised by Feedspot as one of the Best Australian Construction Blogs in 2018 and 2019. PlantMiner is Australia's largest online construction marketplace. Sign up as a vendor to find and engage with civil and commercial contractors across Australia. Alternatively, if you're looking for plant and equipment you can compare equipment and subcontractor quotes from vendors near you in just a few steps.