Swire Shipping container vessel Mia Schulte has arrived at the Port of Townsville carrying 500 half height containers that will be used to export the first loads of zinc concentrate from MMG’s Dugald River Mine early next year. Dugald River Mine is based on one of the world’s best undeveloped zinc, lead and silver deposits, and will be in the top ten of global zinc operations when production begins in 2018. The mine is on track to start producing ahead of schedule as it aims to capitalise on a tightening market for the base metal.
MMG has invested in 1,750 half height containers valued at around A$11 million to export their product from the Dugald River Mine through the Townsville Port.
MMG’s General Manager Dugald River Project Delivery Mr Pierre Malan said that the timing of the mine’s opening was a result of the project progressing ahead of original schedule, just in time to coincide with an expected surge in zinc prices globally.
“MMG approved this project in 2015 in anticipation that zinc prices would increase due to decreasing global supply on the back of key mine closures; and recent increases in the zinc price to a 10 year high have validated this decision,” said Mr Malan. “Today we welcomed the first 500 half height containers that will be used to export Dugald River concentrates; an overall A$11 million investment into this transport equipment.”
“Concentrate will be loaded into these specially designed half height containers at the mine before being road hauled to Cloncurry then railed to Townsville Port, before being emptied into a ship using a rotainer attached to a crane.”
“Northern Stevedoring Services, Wagners Transport, Aurizon and Toll Logistics have been engaged to transport the product and related cargo on behalf of MMG.”
Port of Townsville Limited General Manager Business Development Claudia Brumme-Smith said that the arrival of the Mia Schulte was an exciting milestone for MMG. “MMG’s high grade operation will produce upwards of 250,000 tonnes of exports from the Port of Townsville,” said Ms Brumme-Smith. “Not only is this great for the port, but also the local businesses involved in transporting these shipments and flow on economic benefits to the regional economy in terms of jobs.”
Swire Shipping Commercial Sales Manager for North and Central Queensland Natalie Adamsson said that Swire was pleased to be part of the Dugald River Project. “Swire Shipping congratulates MMG on reaching another significant milestone today,” said Ms Adamsson. “We are thrilled to be part of the exciting Dugald River project with the delivery of these 500 half height containers to support the transportation of the concentrates.”
"Swire Shipping aims to be our customers' partner of choice and has a long-term commitment to facilitate the trade of Townsville and the region.”
MMG has several mines operating globally in Tasmania, Congo, Laos and Peru.
Contact: Nyree Bolton │ Corporate Affairs Officer│ M: 0413 212 058 │ email@example.com