TNG cuts costs

THE potential of the Mount Peake vanadium-titanium-iron project in the Northern Territory has been upgraded following completion of an update to its feasibility study by 100% owner TNG that has knocked A$117 million from capital costs, although operating costs are up almost $20 per tonne.

TNG cuts costs TNG cuts costs TNG cuts costs TNG cuts costs TNG cuts costs

The update just has cut the payback period for the new $853 million development by one year to three years and squeezed an additional 3% on the pre-tax internal rate of return, although producti...

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