Murchison Metals Limited: Joint Venture Crosslands Resources Limited Awarded For Environmental Excellence
03.09.2010 | ABN Newswire
12:09 AEST Sept 3, 2010 ABN Newswire (C) 2004-2010 Asia Business News PL. All Rights Reserved.Perth, Australia (ABN Newswire) - At a ceremony in Perth earlier this week WA Mines and Petroleum Minister, the Hon. Norman Moore, awarded Crosslands Resources Ltd ('Crosslands') with a prestigious Golden Gecko Award for demonstrated environmental excellence.
Crosslands, which is jointly owned by Murchison Metals Limited (ASX: MMX) (PINK: MUMTF) and Mitsubishi Development Pty Ltd, a subsidiary of Mitsubishi Corporation (TYO: 8058), is the owner and operator of the Jack Hills iron ore project in the mid-west region of WA.
Crosslands received the award for research conducted by Crosslands and Phoenix Environmental Services at the Jack Hills project, which led to innovations in conducting low impact fauna surveys.
The Department of Mines and Petroleum in Western Australia instigated the Golden Gecko Awards in 1992 to recognise excellence and leadership, and to acknowledge the outstanding contribution recipients have made to balance environmental responsibility with the successful development of the state's mineral and petroleum resources.
About Murchison Metals Limited:
Murchison is an Australian ASX-listed company and is included in the S&P/ASX 200 Index.
Murchison is a 50% shareholder in Crosslands Resources Ltd ('Crosslands') which is the owner of the Jack Hills iron ore project located in the mid-west region of Western Australia. The remaining 50% of Crosslands is held by Mitsubishi Development Pty Ltd ('Mitsubishi'), a subsidiary of Mitsubishi Corporation, Japan's largest general trading company.
The Stage 1 Jack Hills project is currently producing up to 1.8 Mt of high grade iron ore per annum. Feasibility studies for a major Stage 2 expansion are well advanced.
In addition, Murchison has a 50% economic interest in independent infrastructure business, Oakajee Port and Rail (OPR). The remaining 50% economic interest in OPR is held by Mitsubishi. OPR's integrated port and rail development proposal will provide world class logistics services to miners (including Crosslands) and other potential customers in the mid-west region of WA.
In addition to its investments in Crosslands and OPR, Murchison is actively exploring growth opportunities in iron ore, coal and manganese in accordance with its approved corporate strategy.
Contact:
Paul Kopejtka, Executive Chairman
Murchison Metals Ltd
Tel: +61-8-9492-2600
http://www.mml.net.au