Decreased capital expenditures and operating costs Allah Fula Company Nolan rare earths project

Allah Fula Resources Limited announced the results of the review of capital expenditure and operating costs in the northern territory of Australia Nolan rare earths project.

Encouraging capital expenditures decreased by 27 % to 1.408 billion Australian dollars, rare earth oxides are also reduced operating costs AUD 15.67 / kg , equivalent to an annual cost reduction 98 million Australian dollars.

Nolan initial project capital expenditure reached 1.408 billion Australian dollars ( $ 1,263,000,000 ) , including indirect labor costs and 15% for unforeseen expenses . Indirect costs are mainly engineering, procurement and construction management , expert consulting costs and site fees . Capital expenditures do not include $ 197 million in Allah Fula first 10 years was postponed due to delay in approval of the early selective mining operations consumed .

Capital cost estimates for the company based on the results of several engineering organizations summary drawn .

Operating cost of the project is expected to reach REO15.67 AUD / kg ( $ 14.06 / kg ) , based on total annual production by REO is 20,000 tons. Compared with the current cost of production of rare earth has been published outside China , was reduced by approximately 24% , or an annual reduction of 98 million Australian dollars. The key is the reduction of operating costs, in beneficiation efficiency, extraction and separation of rare earths , streamlining the supply chain , but to do better. Operating costs include routine administrative departments , maintenance materials , contractors , supplies, and other maintenance costs .


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