BUKIT IBAM (PAHANG)
Archived



Key Facts
Status: Unknown
Type of Work: Open-Pit
Location: Malaysia
                 

Commodities: Iron Ore
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Latest Information
July 23, 2010
Grange Resources announced that it has entered into a sale and purchase agreement for the sale of its’ 51% share of the Bukit Ibam magnetite mine, located in Malaysia, to Esperance Mining Sdn. Bhd. for a cash payment of MYR 10 million (~A$3.5m).
May 29, 2009
Grange Resources announced that it has reached agreement for the sale of its 51% interest in Bukit Ibam located in Malaysia to Ophir Mining and Exploration Sdn Bhd for a cash payment of $2 million and a production based royalty.
December 31, 2008
Construction of the Bukit Ibam processing plant has been completed. The plant will be fully operational by the end of March 2009 with a production capacity rate of 100,000 tpa of magnetite concentrate. Material movement from the pit commenced in March 2009 and this material is being processed in combination with the existing ore stockpiles. The concentrate will be shipped out of the Kuantan Port and sales contracts are currently being negotiated.

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