Murrin Murrin Mine Explained

Murrin Murrin
Pushpin Map:Western Australia
Pushpin Label:Murrin Murrin
Pushpin Map Caption:Location in Western Australia
Coordinates:-28.7675°N 121.8939°W
Place:Leonora
Subdivision Type:State
State/Province:Western Australia
Country:Australia
Owner:Glencore
Official Website:Glencore website
Acquisition Year:2011
Products:Nickel, cobalt
Financial Year:2023
Amount:Nickel: 31,100 t
Cobalt: 2,100 t
Opening Year:1999
Module:
Stroke-Colour:
  1. C60C30
Stroke-Width:3
Marker:industrial
Marker-Colour:
  1. 1F2F57
Zoom:11

The Murrin Murrin Mine is a major nickel-cobalt mining operation being conducted in the North Eastern Goldfields, approximately 45 km east of Leonora, Western Australia. The project was initiated as a joint venture between Murrin Murrin Holdings Pty Ltd, a wholly owned subsidiary of Anaconda Nickel Limited (whose share was 60%) and Glenmurrin Pty Ltd, a wholly owned subsidiary of Glencore International AG, which had a 40% share.[1] In 2003 Anaconda changed its name to Minara Resources Limited. In November 2011, Minara Resources was fully acquired and is now wholly owned by Glencore International.[2] The mine opened in 1999.[3]

Geology

Murrin Murrin mines a laterite nickel ore formed by deep weathering of a peridotite ultramafic rock.

Problems with the process plant

Significant problems and delays were encountered in the design, construction and commissioning of the ore process plant at Murrin Murrin.[4]

The designers, Fluor Daniel eventually had to pay the joint venture partners A$155 million in an out-of-court settlement. It was their second successful claim against Fluor, Murrin Murrin owners having been awarded $147 million from the first phase of their claim against Fluor, a sum which ultimately was reduced to $39.8 million. The Murrin Murrin project's original cost estimate of $1 billion had $1.6 billion.[5]

Production

Production of the mine:

YearNickelCobalt
200013,027 t904 t
200125,991 t1,253 t
200230,009 t1,838 t
2003[6] [7] [8] 28,147 t2,309 t
2004[9] 27,950 t1,982 t
200528,240 t1,750 t
200631,524 t2,096 t
200727,585 t1,884 t
200830,514 t2,018 t
2009[10] 32,977 t3,250 t
2010[11] 28,500 t1,900 t
201128,500 t1,900 t
2012[12] 33,410 t2,390 t
2013[13] 40,000 t 2,700 t
201436,400 t2,700 t
2015[14] 37,500 t 2,800t
201635,300 t 2,800 t
2017[15] 34,700 t 2,700 t
201835,500 t2,900 t
2019[16] 37,000t3,400 t
202036,000 t2,900 t
202130,000 t2,500 t
2022[17] 35,700 t3,000 t
2023[18] 31,100 t2,100 t

External links

Notes and References

  1. Ladbury . Richard A. . Resource Project Financing: Capital Markets Project Financing . AMPLA Yearbook . 1998 . 9 May 2019 . Australian Mining and Petroleum Law Association . Melbourne.
  2. https://archive.today/20130627215043/http://www.perthnow.com.au/business/glencore-mops-up-minara-resources-takeover/story-e6frg2s3-1226166957217 Glencore mops up Minara Resources takeover, The Australian, October 14, 2011.
  3. The Australian Mines Handbook: 2003–2004 Edition, page: 39
  4. Nedeljkovic, Zoran. (1998) Andrew Forrest : a key to Murrin Murrin's past and future Mining chronicle (West Perth, W.A.) Late June 1998, p. 6
  5. http://www.smh.com.au/articles/2004/05/05/1083635205076.html?from=storyrhs Minara handed $155m for Murrin mine fiasco
  6. Web site: Financial report half year ending 31 December 2003 . ASX . Minara Resources Limited . 9 May 2019 . 18 February 2004.
  7. Web site: Quarterly report for the period ended 30 June 2003 . Anaconda Nickel Limited . 9 May 2019 . Perth, WA . 29 Jul 2003.
  8. Web site: Quarterly report for the period ended 31 March 2003 . Anaconda Nickel Limited . 9 May 2019 . Perth, WA . 23 April 2003.
  9. Web site: 2008 Annual Report . Minara Resources Limited . 9 May 2019 . Perth, WA . 16 . 27 March 2009.
  10. Web site: Quarterly report 31 December 2009 . Minara Resources Limited . 9 May 2019 . Perth, WA . 2 . 19 January 2010.
  11. Web site: Annual Report 2011. Glencore. 53 . Baar, Switzerland . 9 May 2019 . 10 April 2012.
  12. Web site: Annual Report 2012 . Glencore. 51 . Baar, Switzerland . 9 May 2019 . 25 March 2013.
  13. Web site: Annual Report 2014 . Glencore. 53 . Baar, Switzerland . 9 May 2019 . 18 March 2015.
  14. Web site: Annual Report 2016 . 63 . Glencore . Baar, Switzerland . 9 May 2019 . 2 March 2017.
  15. Web site: Annual Report 2018 . 77 . Glencore . Baar, Switzerland . 9 May 2019 . 1 March 2019.
  16. Web site: Murrin Murrin Mine . Mining Data Solutions . 14 May 2022.
  17. Web site: Glencore Annual Report 2022. www.glencore.com . . 7 March 2023.
  18. Web site: Glencore Full Year Production Report 2023. www.glencore.com . . 27 February 2024.