Thiess and RWE engaged on Central Eyre Iron Project

15 OCT 2014

Iron Road

Iron Road Limited has engaged TRWE to produce an optimised pit shell design and mining plan for the expanded mineral resource at Central Eyre Iron Project.

The Iron Road announcement on 15 October confirmed the Stage IX (Gap/Boo-Loo East) drilling program at the Central Eyre Iron Project (CEIP) is now complete and work is underway to produce an updated mine plan, and optimised pit shell design by the Thiess-RWE Joint Venture (TRWE).

Iron Road commenced the Stage IX drilling program in late July 2014, with a total of 14 holes drilled for a total of 8,030 metres of drilling. Information from the expanded total resource estimate will be used to refine and update the mine plan.

Iron Road has engaged TRWE to complete the updated detailed mining model, building upon the original detailed work undertaken as part of the CEIP Definitive Feasibility Study.

Experienced TRWE mining personnel have been embedded within Iron Road and bring world class mine planning and mining operations expertise, including extensive involvement in the successful application of in-pit crushing and conveying (IPCC) processes to improve material movement efficiencies.

RWE is one of Europe’s leading lignite miners and power generators. As an international asset developer, owner and operator, RWE is well versed in mining technologies and has 50 years’ experience in providing technical expertise and operational know how to mines based on continuous mining equipment, including IPCC. Thiess is one of Australia’s leading mining services contractors.

With 70 years’ mining experience, Thiess has a proven capability of integrating delivery of large-scale mine development projects and contract mining services.

The Thiess-RWE Joint Venture combines RWE’s world-leading technical and operational expertise in open-cast continuous mining systems with Thiess’ proven performance in delivery of large scale mine infrastructure and full-service contract mining.

Continuous Mining Equipment is used successfully around the world to mine bulk commodities, including RWE’s own lignite operations in Germany. A key benefit of IPCC is its ability to move large volumes of material very efficiently.

The objective of the current work is to maintain or exceed the current initial 25 year mine life at an increased annual CEIP output of 24Mtpa of premium, high quality iron concentrate.

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Thiess and RWE deliver global first

20 NOV 2013

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Australia’s leading Construction, Mining and Services contractor, Thiess and one of Europe’s leading power generators and lignite miners RWE Generation SE (RWE) have formed an exclusive partnership which is set to deliver significant savings for high-volume continuous mining applications in Australia and overseas.

Thiess and RWE have formed a global Joint Venture (TRWE), becoming the first international JV to provide a full suite of in-house design, engineering, operation and maintenance services for open-pit Continuous Mining Equipment, including bucket wheel excavator systems and in-pit crushing and conveying systems (IPCC).

The Joint Venture combines RWE’s internationally-renowned Continuous Mining Equipment (CME) engineering, operations & maintenance capability with Thiess’ proven, large-scale contract mining expertise to deliver low cost, sustainable continuous mining solutions.

Speaking at the Joint Venture signing ceremony, Thiess Managing Director Bruce Munro said the agreement launched Thiess into a new field of opportunity.

“TRWE will provide services across the whole Continuous Mining value-chain, including full on-site operations, ensuring best practice performance of these low cost systems wherever we are engaged.

“Once TRWE operations are established in Australia and Indonesia, we are keen to leverage our existing international relationships and expand further into Asia and the Americas,” Mr Munro said.

RWE Vice President Wolfgang Kortmann who attended the ceremony, said the last five years has seen significant growth in the application of CME and IPCC equipment which has been accompanied by direct improvements in production efficiency.

“Given the rising costs and declining productivity of some conventional mining applications in Australia, together with ongoing exposure to fluctuating commodity prices, a similar positive shift in the demand for these lower costs Continuous Mining systems in Australia and beyond is imminent,” Mr Kortmann said.

While dragline and truck/shovel applications will continue to be the major mining methods for many open-cut projects, deeper deposits will require more efficient technologies such as those offered by TRWE. The JV’s performance-based delivery model further enhances TRWE’s value proposition.

The JV’s General Manager Matthew Langmaid is truly excited by the global partnership. “RWE’s unique Continuous Mining technical and operational experience, together with Thiess’ proven capability to integrate large-scale projects and contract mining services, perfectly positions TRWE as the only global and vendor independent partner to the mining industry for continuous mining systems.

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