The current Riley mine economics are well above the August 2019 feasibility numbers, which were based on a $90/t 62% Fe price, according to Venture. This is due primarily to higher iron ore prices ( $120/t 62% Fe price) and lower fuel prices, and further supported by a strong iron ore market outlook, it said. At the $90/tonne 62% Fe price, the

The first shipment, comprising of 45,632 tonnes of iron ore with an average grade of 57.3% Fe from the Riley mine, will be transported to a discharge port in China as designated by Venture’s off-take partner Prosperity Steel, one of the largest iron ore traders in the world. Venture will receive approximately A$5.1 million in the next

Venture Appoints Start-Up Expert For Riley Iron Ore Mine. Venture Minerals Limited (ASX:VMS) has made a strategic management move in the lead-up to the commencement of production at its Riley Iron Ore Mine in north-west Tasmania, Australia. Fergus Campbell, who has been named as Lead Technical Consultant for the mine, brings over 30 years’ of

A. ustralian mining is the cornerstone of many of the world’s mineral products, and none more so than iron ore. In 2020, Australia dominated production of iron ore, producing 900 million tonnes of the metal, 37.5% of global production, and more

Sep 17, 2021 Sep 17, 2021 12:28AM EDT. Australian explorer Venture Minerals said on Friday it has temporarily suspended operations at its Riley iron ore mine in North West Tasmania due to a plunge in iron ore

Sep 17, 2021 VMS says work at Riley Mine will only be suspended temporarily as the business works to identify cost efficiencies. Shares in Venture Minerals have plummeted following Friday’s announcement, down 33.8 per cent at 5.1 cents per share at 11:58 am AEST. Venture Minerals (VMS) will carry out a review and suspend work at its Riley Iron Ore Mine

Mar 25, 2021 Riley Iron Ore Mine development. Picture: Sean Ford. The site of a West Coast mine development targeted by environmentalist protesters is far

Feb 09, 2021 Venture Minerals Limited (OTCMKTS:VTMLF) has added operational expertise to its team with the appointment of Fergus Campbell as lead technical consultant for the Riley Iron Ore Mine.Campbell is a

Sep 17, 2021 Australian junior miner Venture Minerals has temporarily suspended operations at its controversial Riley iron ore mine in northwestern Tasmania after just a single shipment, the company said on

Aug 31, 2020 The ore transportation component of the Riley Iron Ore Mine operations provides for the majority of the circa 100 jobs that will be created by this project on the West Coast of Tasmania. Qube is a professional logistics company with modern, well managed vehicles and trained, professional drivers

Aug 19, 2021 Riley Iron Ore Mine. The Riley iron ore mine is located 10km from the Mount Lindsay Tin-Tungsten deposit and immediately accessible

Apr 21, 2021 ASX-listed Venture Minerals remains on course to make the first iron ore shipment from its revitalised Riley iron ore mine in Tasmania during the current quarter. The Perth-based company says commissioning of Riley’s key wet screening plant is expected to kick off within a couple of weeks as various stages of the construction phase near completion

Apr 21, 2021 Riley’s financial projections in the pre-feasibility study tabled by Venture less than two years ago were predicated on a benchmark iron ore price of only US$90.35 per tonne. According to the PFS, the two-year mining, crushing and screening undertaking at Riley is tipped to generate $172.82 million in gross revenue and $37.64 million in

The recent record iron ore price makes it a perfect time for the Company to transform from explorer to producer.” Venture Minerals Limited (ASX: VMS) (“Venture” or the “Company”) is pleased to announce that commissioning of the Wet Screening Plant at its Riley Iron Ore Mine (Refer Figure 3), has commenced. The

Apr 21, 2021 Venture Minerals Ltd (OTCMKTS:VTMLF) has taken large strides towards commissioning the Wet Screening Plant at its Riley Iron Ore Mine in northwest Tasmania with various stages of the installation phase nearing completion.. Commissioning of the Wet Screening Plant is expected to begin within the next two weeks and the first ore shipment remains on

Jul 31, 2019 Shaw Contracting returns to Riley iron ore project. Venture Minerals’ plan to restart mining at the Riley iron ore project in Tasmania, Australia, is accelerating with the announcement that the ASX-listed company has awarded Shaw Contracting the preferred tenderer status for mining and processing works at the operation. One of Tasmania’s

Nov 12, 2021 Venture Minerals Limited says Bob Brown Foundation protest action against its Riley iron ore mine - both near the mine and in Burnie - cost it $100,359.38. Lawyers for the company itemised the

Aug 27, 2020 Venture Minerals (VMS) has begun dry screening and other mining operations at the Riley Iron Ore Mine in northwest Tasmania. The last two weeks have been spent on preparing for the mining and dry screening activities with hire equipment being brought to site to establish mining areas and accelerate dry screening

Apr 22, 2021 Venture Minerals is less than two weeks away from commissioning the wet screening plant at its Riley iron ore mine in Western Australia.Company managing director Andrew Radonjic said the

Aug 20, 2021 Venture Minerals Limited (ASX: VMS) reports that it has chartered a bulk carrier for its first iron ore shipment from the Riley Iron Ore Mine in North-West Tasmania, with loading at the Port of Burnie expected to commence on the 6th of September. The 46,000 tonne Ultramax will be loaded over a four day period, before departing for delivery to

Sep 20, 2021 Tasmanian producer Venture Minerals has suspended operations at its Riley iron ore mine after just one shipment of 46,000t of 57.3pc Fe ore left the port of Burnie earlier this month. West Australian (WA) producer GWR has put its shares into a trading halt ahead of a 'material update' to mining operations at its C4 iron deposit

Aug 20, 2021 Venture Minerals’ iron ore project in Tasmania, of which Qube Logistics is a haulage partner, is marking the milestone of its first shipment. VM announced the wet screening plant now fully installed and operational at the Riley Iron Ore Mine, enabling continuous ore haulage to the Port of Burnie. It means 24-hour processing is now underway

The ore at the Riley deposit is at surface and hence there is no strip ratio. The ore is free dig and will be extracted by excavator in a series of sequential mining panels. Each mining panel will be 25m wide, stretching the length of the resource. Post completion of forestry activities, the land will be cleared of any remaining trees and debris

Riley Iron Ore Mine Completed Riley Iron Ore Mining Study update delivers strong returns with the pre-feasibility containing the following highlights1; Post-Tax Cash generation of A$31M,-Pre-Production Capital Estimate of A$3.6M (fully funded), -IRR of 303%, -Post-Tax NPV 8 A$27M based on two years of production, -Operating Cost of A$56/t fob

Mar 25, 2021 Venture Minerals' Riley Iron Ore Mine nearing production Sean Ford Local News Riley Iron Ore Mine development. Picture: Sean Ford. The site of a West Coast mine development targeted by environmentalist protesters is far from pristine wilderness, a local identity says. Follow us

Sep 17, 2021 The effects on smaller enterprises was epitomised by Venture Minerals this September, as it was forced to suspend operations at its Riley iron ore mine in Tasmania, citing a lack of cost efficiency

Jul 09, 2020 The Riley iron ore mine will create close to 100 jobs, with Radonjic stating that it would be a boost for the economy of the west coast of Tasmania during these unprecedented times. Iron ore prices remain at historically strong levels, having recently hit 10-month highs

Dec 22, 2021 Venture Minerals (ASX:VMS) had reached steady state iron production from Riley in August and made its first shipment of iron ore before suspending operations due to the rapidly declining price of 62% iron from US$230 per tonne to US$106/t. This was coupled with lower demand for lower-grade ore and rising shipping prices