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AIC Mines Ltd IAUFF

AIC Mines Limited is an Australia-based resources company. The Company is engaged in the exploration, mine development, mine operations and the sale of copper concentrate in Australia. Its projects include the Eloise Copper Mine, Marymia Project and Lamil Project. The Company owns the Eloise Copper Mine, a high-grade operating underground mine located Southeast of Cloncurry in North Queensland. It is also advancing a portfolio of exploration projects that are prospective for copper and gold, which include Jericho Copper Mine, Pyramid Project, Delamerian Project, Peake and Denison Copper Project and Windsor Base Metals Project. The Eloise Regional project consists of approximately 2,000 square kilometers (km2) of contiguous tenure. The Marymia Project is located approximately 160 kms south of Newman in the eastern Gascoyne region of Western Australia and covers approximately 3,600 km2. The Lamil Project is located in the Paterson Province of Western Australia.


OTCPK:IAUFF - Post by User

Bullboard Posts
Post by b00gn1shon Jun 05, 2008 8:51pm
290 Views
Post# 15151750

expect diesel shortages in WA

expect diesel shortages in WA

Intrepid relies on diesel for power at Paulsens, which is better than being shut down due to lack of gas.  However, they are likely to see rising costs as they compete for diesel fuel with others.

--

HUNDREDS of millions of dollars in revenue could be wiped from the balance sheets of mining companies affected by the shutdown of Apache Energy's Varanus Island gas processing plant in Western Australia.


Many of the miners have been forced to switch to diesel, a much more expensive and strictly short-term solution.

DJ Carmichael head of research Paul Adams said the companies most affected would be Minara Resources, BHP Billiton, Rio Tinto, Iluka, Oxiana, Newcrest, Burrup Holdings, Alumina, Alcoa, Santos, Origin Energy, Tap Oil, Jabiru Metals and Newmont Mining.

Dow Jones reported yesterday that Alcoa, which obtained a quarter of its energy supplies from Apache, would have already been hit to the tune of at least $10 million in increased costs while it sought alternative energy supplies.

Supplies of diesel in industrial quantities were likely to run short very quickly, Mr Adams said.


[...]

https://www.news.com.au/heraldsun/story/0,21985,23817299-664,00.html
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