Encouraging news for offshore mining: Trans-Tasman Resources received the environmental approvals for the iron sands offshore mining in New Zealand.
RCR congratulates TTR for being granted the environmental approvals for its offshore iron sand mining project in New Zealand. RCR Chairman, Paul Berend, said: “We are pleased to receive such encouraging news from New Zealand which has one of the most demanding environmental approvals processes in the world. One great step has been made today and it opens a new page in the history of sustainable off shore mining, operating responsibly and alongside fishing, tourism, oil and gas and other coastal activities.” Paul Berend founded TTR in 2007 and was its CEO until 2012 and remained a non-executive director until 2014.
RCR supports the submission of Trans-Tasman Resources Ltd for environmental approvals in New Zealand.
RCR makes a submission in favour for the environmental approvals of an offshore mining operation in New Zealand promoted by Trans-Tasman Resources Ltd. Paul Berend, the Executive Chairman of RCR stated: “Under the right conditions, we believe that offshore mining is far more environmentally sustainable than similar land based operations. Marine dredging of loose sediments does not require blasting or the use of any chemicals or tailings dams. Generally, the areas impacted are very small compared to land based operations, and environmental research suggests that the impacted marine eco-systems recover very rapidly, typically in a matter of months. The sea does most of the beneficiation work so human intervention is minimised. Obviously, the industry needs regulation and most importantly responsible behaviours, and at RCR our ambition is to champion the best environmental practices in the industry.”
TTR has conducted nine years of environmental research including extensive studying of marine ecosystems to develop mining solutions which minimise the environmental impact. At RCR, we support the endeavours of TTR, knowing that the work has been conducted with the highest scientific, technical and ethical standards”
RCR completes an engineering scoping study.
RCR has completed an engineering scoping study for a production module of 1.2 million tonnes per annum of phosphate concentrate. The scoping studies confirms the excellent economic viability for the project and introduces a low CAPEX and fast track to production option. Managing Director, Anna Sloboda, confirmed “One of our competitive advantages at RCR is our ability to rapidly adapt to the changing economic environment. Our team has adjusted the engineering model by introducing the partial on-shore operation, including the beneficiation process which is based on light grinding and gravity separation. Our operational cost base remains very low, around 12.6$/, and the CAPEX has decreased to 77 million USD. More importantly we have been able to reduce the timelines to production by basing the entire ‘fast track’ module on off the shelf equipment. The project could start production of phosphate concentrate in less than 18 months after the decision to mine, which significantly increases returns on the investments.
RCR secures seven exclusive mining concessions off the coast of Peru.
RCR is granted 7 exclusive mining licenses for the development of offshore phosphate mineral deposits. Managing Director, Anna Sloboda said: “We are delighted that the mining licenses have been granted to RCR, and we are looking forward to starting exploration, engineering, and environmental work to develop what could potentially be one of the largest and lowest cost phosphate deposits in the world.”
RCR applies for 7 marine mining concessions off the coast of Peru.
RCR is actively developing its flagship Deep Blue project and has subsequently lodged seven applications for marine mining concessions through its wholly-owned Peruvian subsidiary Minera Ciudadela Roja SAC.