Australian resource and mineral processing technology company TNG Limited has appointed Australian-based engineering and construction firm Clough as lead engineer and preferred Engineering, Procurement and Construction (EPC) contractor for the delivery of the Mount Peake Project, located north-west of Alice Springs in the Northern Territory.
One of the largest undeveloped vanadium-titanium-iron projects in the world, Mount Peake has been awarded Major Project Status by both the Australian Federal Government and the NT Government.
The company’s strategy is to develop a fully-integrated single mining and processing operation to produce three high-value, high-purity products for export — vanadium pentoxide, titanium dioxide pigment and iron oxide — through the application of a world-first processing technology, known as the TIVAN process, which is owned exclusively by TNG.
TNG managing director and chief executive officer Paul Burton said Clough had a strong track record in delivering large projects like Mount Peake, and looked forward to working closely with it as it developed the EPC proposal.
“We now have the support of three leading groups for the project in Clough, SMS group and Ti-Cons, as we progress Mount Peake through the pre-development stage ahead of planned transition into delivery,” he said.