PROJECT FINANCE

Jobs to go as Centrex trial mine stalls

A SUPPLY overhang is making it hard for Centrex Metals to advance its Ardmore phosphate project in Queensland, so it is reducing staff, putting its start-up plant on hold, and looking to sell non-core assets as it trims costs to ride out a subdued market.

 Centrex's modular plant will lay idle.

Centrex's modular plant will lay idle.

The 70 tonne per hour modular plant has been assembled near Mount Isa in Queensland, but will not be switched on as expected.   Instead the site will be secured and the operation put onto care and...

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