PROCESSING

Keras Resources adds plant at Diamond Creek

Utah phosphate mine is planned to produce 48,000 tonnes per year.

This article is 4 years old. Images might not display.

The plant was built and shipped from Shanghai during the December quarter of last year and construction is now underway at the property that is owned by Keras' 51% subsidiary Falcon Isle.

The company said the owner-operated plant has design capacity to tackle the planned production rate 48,000 tonnes per year, which it is aiming to reach in 2024.

Keras expects a significant operational cost reduction as the mine moves away from its current toll agreements during the ramp-up.

Plant commissioning remains on schedule; Keras said it wants to have it online by the end of the March quarter.

"Our expansion at Diamond Creek continues to progress as planned and the commissioning of the new crushing, milling and bagging facility, which will be capable of supporting our peak production rate, is a key component underpinning this strategy," Keras Resources CEO Russell Lamming said.

"We have a long life-of-mine at Diamond Creek, with the opencast resources alone representing in excess of 60 years at the peak production rate, highlighting the long-term sustainable cash flow we anticipate being generated from this mine."

The news comes five months after the miner recorded its first commercial production at Diamond Creek and flagged its processing plant order.

The Diamond Creek high-grade direct shipping ore (DSO) organic phosphate mine is located 70 kilometres southeast of Salt Lake City.

Expert-led Insights reports built on robust data, rigorous analysis and expert commentary covering mining Exploration, Future Fleets, Automation and Digitalisation, and ESG.

Expert-led Insights reports built on robust data, rigorous analysis and expert commentary covering mining Exploration, Future Fleets, Automation and Digitalisation, and ESG.

editions

Future Fleets Insights 2025

Mining IQ Future Fleets Insights 2025 looks at how companies are using alternative energy sources to cut greenhouse gas emmissions

editions

Automation and Digitalisation Insights 2024

Exclusive research for Mining IQ Automation and Digitalisation Insights 2024 shows mining companies are embracing cutting-edge tech

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.