IPS and the Moly Metals Australia (MMA) Spinifex Ridge Iron Ore project are on track to have the first shipment of ore delivered in Q4 2010.

In April 2010 this project was a “Green Fields” site, with little more than a track down the creek. The IPS EPCM, team working closely with MMA management, have delivered a good result for MMA, with a project development from “Green Fields” to first shipment of iron ore in under 9 months.

Key infrastructure, such as the installation a 30km water pipeline, pumping and storage systems has been completed. This water is to supplies a new camp, crushing and screening operations and the open pit mining operations.

 

The haul ramp construction to the top of spinifex ridge is in progress and on schedule. The Mining Contractor has begun operations. Two pits have been. Direct shipping of Iron Ore will be produced at a mining rate of 1Mtpa.

 

The 60-100man camp will be occupied from the 11th of October.