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  1. A company headquartered in Fairmont, WV, acquires and manages mineral interests in coal and other natural resources across North America and Australia.

Resources Victoria Approves 20-Year Mining License for Mineral Sands Project

1 report, 1 independent Updated Oct 1
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What happened

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Resources Victoria granted a 20-year mining license to WIM Resource for the Avonbank Mineral Sands Project near Horsham. The license permits the extraction of heavy mineral sands, which include zircon, titanium, and rare earth elements. WIM Resource stated that construction could begin in late 2027, with the mine expected to be operational by 2029, pending various approvals and finances.

From abc.net.au

Why it matters

Some supportBrind's analysis of the reports

The project is planned to operate for 36 years, targeting the extraction of 12.75 million tonnes of heavy mineral concentrate. The company, which is Chinese-backed, plans to supply materials used in renewable energy infrastructure and everyday technology.

A company headquartered in Fairmont, WV, acquires and manages mineral interests in coal and other natural resources across North America and Australia.

From abc.net.au

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