CAPITAL MARKETS

Koolan costs pass the ton

AZTEC Mining is aiming to be a miner early in the second half of calendar 2006 after a feasibility study showed it would initially cost $108 million to start shipping ore from a four million tonne per annum operation at Koolan Island off the northern coast of Western Australia.

Michael Quinn
Koolan costs pass the ton

Aztec executive chairman Ian Burston told delegates at Diggers and Dealers that financing would be sought via debt, equity and agreements with off-take partners. The project is projected to produce total...

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