Element 25’s second commercial shipload of about 27,000 tonnes of manganese concentrate produced at its Butcherbird open-cut mining, comminution and beneficiation operation in WA’s southern Pilbara region has recently departed Port Hedland. It comes only a handful of weeks after the Perth-based company’s inaugural export shipment of about 27,000 tonnes of lump concentrate set sail. Element 25 says the beneficiated ore aboard a Handymax-size vessel will be delivered to its offtake partner OM Materials’ smelter in China.
The take-or-pay contract that OM Materials, a wholly owned subsidiary of Singapore-based and ASX-listed vertically integrated manganese and ferroalloy group OM Holdings, has with Element 25 involves purchasing all the annual manganese concentrate output from Butcherbird of about 365,000 tonnes per annum across the first five years of “stage one” processing operations.
With Butcherbird, located about 130 kilometres south of Newman having reached steady-state production levels, the company says it will now move to more than doubling shipments to about 55,000-60,000 tonnes of manganese concentrate to take advantage of more competitive shipping tariffs based on the larger cargo sizes.
In order to facilitate the change in cargo sizes, Element 25 has set up a laydown area at Pippingarra in Port Hedland where the larger loads can be stockpiled before secondary hauling into the port’s Utah Point bulk handling facility.
Butcherbird has been forecast – in the company...
Read Full Story: https://thewest.com.au/business/public-companies/second-export-manganese-shipment-for-element-25-c-3844740
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