Strandline, Woodside ink LNG pact
Apr 27, 2021 5:38:am
Summary A joint venture comprising Woodside and EDL LNG Fuel to Power will deliver LNG via road to Strandline s Coburn mine power generation facilities in Western Australia.
by: Shardul Sharma
Strandline, Woodside ink LNG pact
Australian minerals company Strandline Resources has signed a 10-year LNG supply agreement with a joint venture comprising Woodside and EDL LNG Fuel to Power (WEJV), it said on April 27.
Under the WEJV contract, LNG will be supplied via road from Woodside’s Pluto LNG truck loading facility near Karratha in Western Australia to Coburn’s power generation facilities.
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Strandline Resources progresses debt facility for Coburn mineral sands project, advances exploration at Tanzania assets
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Strandline Resources has shortlisted lenders regarding a $100 million debt tranche, which is the remaining funding required to develop Coburn.
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Perth-based explorer Strandline Resources (ASX: STA) has spent the three months to December 2020 advancing a commercial debt facility to finance development of its flagship $260 million Coburn minerals sands project in WA.
In a quarterly report released today, the company confirmed it was in detailed discussions with shortlisted lenders regarding the proposed $100 million debt tranche, which will stand alongside a 15-year, $150 million loan under the Commonwealth Government’s Northern Australia Infrastructure Facility.
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A lesser understood, yet essential section of the resources sector is mineral sands, with several ASX-listed plays geared to take advantage of forecast supply gaps in the coming years.
The mineral sand suite is critical to numerous products found in everyday life from toothpaste to tiles, to the paint you put on your walls or the titanium metal used in human implants or found in aircraft and golf clubs.
Various minerals are included in the mineral sand suite, but the ones primarily sought from mining are ilmenite, leucoxene, rutile and zircon.
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