TNG Executes Rail Agreement With GWA for Mount Peake V-Ti-Iron Project

BEIJING (Asian Metal) 27 Jun 19 – On June 27, Australian-based TNG Limited announced that it has entered into a Binding Heads of Agreement (“HoA”) with Genesee & Wyoming Australia (“GWA”), the third-largest rail operator in Australia, for the provision of rail haulage services for its flagship 100%-owned Mount Peake Vanadium-Titanium-Iron Project, located 235km north of Alice Springs in the Northern Territory.

The agreement covers the transport of magnetite concentrate produced at the Mount Peake mine site from the proposed Adnera rail siding to the TIVAN Processing Facility in Darwin. The scope of services extends to the transport of the three end products to be produced by the TIVAN Facility to the Darwin Port at East Arm before shipping to TNG’s customers.

TNG and GWA will develop an optimized rail haulage strategy for Mount Peake ahead of finalizing a Rail Haulage Agreement.