THE BOURSE WHISPERER: Resources sector services company Sedgman (ASX: SDM) has been awarded an $18.5 million contract as Principal Contractor for a Relocatable Modular Mineral Sands Wet Concentrator Plant to be constructed at Twin Pines Minerals’ (TPM) New Jersey facility in the United States of America.
Sedgman said the facility will eventually process 232 tonnes per hour of heavy mineral sands feed from an existing tailings deposit, producing a concentrate of zircon and ilmenite ready for downstream mineral separation and future processing.
Sedgman’s involvement in the project will entail engineering design, procurement, fabrication and delivery of the modular plant and associated infrastructure, and subsequent construction and commissioning technical support.
The company explained it had been awarded the contract following a front end engineering design and metallurgical test work development phase where it utilised modern processing technologies and developed an innovative, cost effective plant design concept for TPM.
“It is exciting to be working with TPM in the United States’ minerals sands market,” Sedgman chief executive officer and managing director Peter Watson said in the company’s announcement top the Australian Securities Exchange.
“We have been working closely with TPM over the last two years to refine the design and delivery model to meet the requirements of this project, and are currently active in developing other near term project opportunities with TPM.
“The modular plant design, delivery and commissioning is a great example of our Global Minerals Strategy in action involving inputs from multiple offices to offer TPM state of the art design delivered in a cost effective and timely manner through our Shanghai procurement hub.
“It is also strategically important as Sedgman was an active participant in minerals processing in the United States market up until 2006.
“This project gives a solid foundation to re-establish our presence in the North American market and continue strengthening our relationship with TPM.”
Detailed design has commenced on the project with completion scheduled for March-April 2016.