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252:, under which the latter paid A$ 35 million in advance for an expected 2.4 million tonnes of iron ore from the mine. Concluded in 2013, the deal was to extend to the completion of mining at Spinifex Ridge, with a final payment in the range of A$ 3 million due upon this. As part of this agreement, Moly Mines accepted that it could potentially owe money to Mineral Resources, depending on the amount and quality of the ore mined. In November 2015, an expert adviser concluded that Moly Mining owned Mineral Resources for $ 4.2 million, a sum the former disputed. Subsequently, Mineral Resources launched legal action in the
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Contracting in August 2010. Initially, there were plans for an open-pit molybdenum/copper mine producing 20 million tonnes (44 billion pounds) per year; With changes in the price of molybdenum, this was downsized to 10 million tonnes (22 billion pounds) per year.
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on
December 24, 2015, claiming A$ 4.9 million. At the time, Moly Mines had A$ 72.7 million in cash available to invest in another project. The dispute was eventually settled in August 2017 in favour of Moly Mines.
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The mine had been the subject of a legal dispute during and after the final stages of production. Moly Mines had conducted a mine gate sales agreement with
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Iron ore mining began in
November 2010; ramping up to a throughput of 1 million tonnes (2.2 billion pounds) per year.
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358:"Steel Guru : Moly Mines financing update on Spinifex Ridge Molybdenum Project - 166889 - 2010-09-24"
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project nearby, also owned by Young
Australian Mines, remains undeveloped.
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449:"Spinifex Ridge Mining Property in Australia, Western Australia"
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314:"Moly Mines to start Spinifex Ridge iron-ore shipments in Dec"
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292:"Mining Journal - Spinifex gets Chinese finance approval"
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Environmental
Protection Authority of Western Australia
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Department of Mines, Industry
Regulation and Safety
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583:MINEDEX website: Spinifex Ridge - Kitty Gap Iron
405:"Moly Mines starts production at Spinifex Ridge"
380:"IRON ORE MINING COMMENCES AT SPINIFEX RIDGE"
336:"MOLYBDENUM - Design phase at Spinifex Ridge"
230:Moly Mines awarded production contracts to
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427:"Mining Journal - Spinifex Ridge start"
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472:"MinRes in legal claim against Moly"
242:were commissioned in September 2010
630:2014 disestablishments in Australia
610:Iron ore mines in Western Australia
531:"Young Australian Mines - About us"
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260:As of 2022, the mine is placed in
16:Iron ore mine in Western Australia
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592:Spinifex Ridge Molybdenum Project
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625:2010 establishments in Australia
470:Evans, Nick (29 December 2015).
451:. PropertyMine. 12 December 2010
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503:"FINALISATION OF ARBITRATION"
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57:Location in Western Australia
508:. Moly Mines. 17 August 2017
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183:Young Australian Mines
123:20.88833°S 120.07750°E
615:Shire of East Pilbara
70:Shire of East Pilbara
262:care and maintenance
204:Spinifex Ridgem mine
128:-20.88833; 120.07750
477:The West Australian
238:Port facilities at
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22:Spinifex Ridge mine
429:. 12 December 2010
407:. 12 December 2010
385:. 24 November 2010
360:. 12 December 2010
338:. 12 December 2010
316:. 12 December 2010
294:. 12 December 2010
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210:mine in the
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455:12 December
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364:12 December
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320:12 December
298:12 December
267:A separate
126: /
114:120°04′39″E
102:Coordinates
604:Categories
279:References
269:molybdenum
220:Marble Bar
214:region of
139:Production
111:20°53′18″S
216:Australia
96:Australia
226:Overview
208:iron ore
148:Iron ore
144:Products
66:Location
27:Location
212:Pilbara
188:Website
180:Company
154:History
92:Country
74:Pilbara
565:15 May
540:15 May
512:15 May
487:15 May
273:copper
167:Closed
159:Opened
506:(PDF)
482:Perth
383:(PDF)
175:Owner
81:State
567:2022
542:2022
514:2022
489:2022
457:2010
435:2010
413:2010
391:2010
366:2010
344:2010
322:2010
300:2010
170:2014
162:2010
232:BGC
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
