Knowledge (XXG)

Bulong Nickel Mine

Source 📝

38: 45: 355:
the cost. Introduced in 2013, mining companies were required to pay around one percent of their profits into a mining rehabilitation fund, which was only accessible once it reached a sum of A$ 500 million. In 2016, this was estimated to be 20 years away and therefore not able to cover the estimated state-wide cost of A$ 60 million to rehabilitate mines like Bulong.
314:
was also used at the Cawse Nickel Mine, which suffered a similar fate, and the Murrin Murrin Nickel Mine, which survived because of its much larger size of deposit. Reasons for the mine's lack of operational success where Bulong's nickel grade, which was comparatively low at one percent average while, at the same time, the deposit suffered from
294:
underperformed in production and finances, reaching a low point of an almost A$ 250 million loss in 2000–01. Losses were greatly reduced the following year at just under A$ 10 million but, despite this, in August 2002, Preston Resources was forced to sell its complete stake in the project, which was taken over by the bondholders and
354:
Clean-up of the mining legacy at Bulong was reported in April 2016 to cost as much as A$ 6.8 million. At this point, A$ 6 million in clean-up cost had already been accumulated by the mine. A A$ 1.12 million bond had been collected from the former owners of the mine, which proved insufficient to cover
318:
impurities of approximately five percent. To remove the magnesium impurities, up to 500 kilograms (1,100 lb) of sulphuric acid were required per tonne of ore, considerably higher than the comparable Cawse operation, which used 350 kilograms (770 lb) per tonne. The nickel deposit itself was
289:
In 1998, Resolute Resources sold the Bulong deposit for A$ 319 million to Preston Resources. The transaction was not seen as favorable for Preston, who had committed to a A$ 10 million penalty should the deal not go ahead, despite having only A$ 2 million in funds available. While Resolute Resources
265:
in 1978 but not considered viable to be mined. WMC sold the deposit to Resolution Mining in 1987. At the start of its development in the 1990s, the Bulong nickel deposit was hailed as the potential starting point of another nickel boom in Western Australia, similar to the late 1960s and early 1970s.
313:
was required to make the process work, to a degree that the mine exhausted the available supply in the state. This, combined with a grade as low as one percent and the excessive use of acid damaging the process plant eventually forced Preston Resources into near-financial collapse. The same process
269:
WMC re-acquired a 70 percent interest in the project in October 1990, forming a joint-venture with Resolute Resources by investing A$ 1 million in cash and a commitment to carry out a feasibility study and to manage the proposed project as well as covering the first A$ 10 million of it. WMC had a
301:
At the point of sale, Preston had accumulated A$ 700 million in debt, which it cleared through the sale. Despite this, the company's two-year suspension from the Australian securities exchange remained in place because of a lack of funds. Preston Resources survived its financial difficulties and
270:
test pit excavated in 1992 to gather data for the potential project, at a cost of A$ 450,000. Resolute transferred a further 15 percent of the project to Energy Oil and Gas Ltd in 1992–93. In early 1994, WMC withdrew from the joint-venture again, after assessing the cost and the risks involved.
293:
Preston envisioned the cost to develop the mine to be A$ 320 million, which was to be raised through debt and equity raising, but the project received only limited interest, forcing Resolute Resources, as the underwriter, to make a substantial financial contribution. The mine subsequently
277:
praised the project and its owner, Resolute Resources, and stated that it "the project was typical of the new generation of nickel mines in WA". Bulong was one of three similar projects under development at the time, together with the
237:
The mine operated for only four years and was a financial failure. Despite its short operation period, it left a legacy of environmental pollution. Because of impurities in the ore, the mine used up to 500 kilograms (1,100 lb) of
334:
Less than a year after the sale by Preston, the operation went into receivership in May 2003, and mining operations were suspended. In 2005, the mining infrastructure was purchased by Lionore, which did not intend to use it for
358:
Because of local concern over the state of the abandoned tailings storage facility and evaporation ponds, the mining lease having expired in 2013, and its impact on near-by Lake Yindarlgooda, the Western Australian
350:
by 2008–09, now under the name of Avalon-Bulong with just 13 people employed there. In 2014, the mine was purchased at an undisclosed sum by privately owned Wingstar Investments, alongside the Cawse mine.
902: 487: 870: 862: 823: 738: 706: 648: 528: 360: 37: 305:
One of the key reasons for the mine's failure was that the process plant of the mine was designed to extract nickel through a pressure acid leach process, developed in
895: 290:
faced the same penalty should their board reject the sale, it had A$ 64 million available, leaving Preston Resources in the weaker position in the transaction.
1111: 888: 1091: 1086: 1106: 495: 103: 1101: 1001: 788: 585: 1096: 673: 76: 911: 377: 875: 562: 491: 858: 727: 695: 637: 517: 273:
When commenting on the laying of the foundation stone of the project in August 1997, then-Resources Development Minister
1051: 254:
originally was a gold mining location, with gold being discovered there in 1893 and mined until 1908. The nickel and
1027: 930: 372: 669: 1022: 760: 251: 223: 69: 955: 557: 1032: 867: 981: 331:
build-up in the pipes of the process circuits which had to be removed, causing partial plant shut downs.
925: 1006: 935: 765: 996: 945: 848: 283: 815: 309:
in the 1950s, which turned out to be unsuitable for Western Australian conditions. Addition of
853: 227: 81: 940: 1064: 612: 976: 793: 347: 310: 239: 1080: 960: 880: 434: 363:
commissioned an investigation which resulted in a 900-page report published in 2021.
274: 262: 1057: 789:"Greens say WA taxpayers could be left liable for $ 60 million mine clean-up bill" 302:
suspension and, after a number of name changes, became Pantoro Limited in 2015.
991: 405: 279: 231: 876:
Detailed Site Investigation: Former Bulong Mine Site, Bulong Road, Bulong, WA
118: 105: 950: 430: 315: 91: 398:"Bulong Goldfield, Kalgoorlie-Boulder Shire, Western Australia, Australia" 462: 397: 340: 336: 295: 258: 590: 328: 343:
deposits instead, while the mining tenements went to Heron Resources.
324: 255: 219: 216: 212: 146: 143: 728:"Western Australian Mineral and Petroleum Statistics Digest 2008–09" 696:"Western Australian Mineral and Petroleum Statistics Digest 2003–04" 638:"Western Australian Mineral and Petroleum Statistics Digest 2002–03" 518:"Western Australian Mineral and Petroleum Statistics Digest 1998–99" 286:, with all three suffering similar difficulties and similar delays. 261:
deposit at Bulong were discovered by the exploration department of
323:, which had a tendency to bog up the process plant. Additionally, 298:, which suffered an estimated A$ 300 million loss in the process. 320: 306: 884: 871:
Environmental Protection Authority of Western Australia
488:"Foundation laying ceremony for Bulong nickel project" 431:
Group Historical Information: Bulong Laterite Project
1015: 969: 918: 863:
Department of Mines, Industry Regulation and Safety
824:
Department of Mines, Industry Regulation and Safety
739:
Department of Mines, Industry Regulation and Safety
707:
Department of Mines, Industry Regulation and Safety
649:
Department of Mines, Industry Regulation and Safety
529:
Department of Mines, Industry Regulation and Safety
361:
Department of Mines, Industry Regulation and Safety
194: 186: 181: 173: 165: 157: 152: 139: 134: 97: 87: 75: 65: 26: 854:Bulong, Goongarrie, Siberia, Kalpini, Ghost Rocks 787:Sam Tomlin and Jasmine Bamford (14 April 2016). 586:"Preston concedes nickel project to escape debt" 346:The process plant passed into the ownership of 339:nickel production but for the more commonplace 896: 8: 21: 551: 549: 547: 545: 903: 889: 881: 444:– via National Library of Australia. 44: 20: 457: 455: 453: 451: 424: 422: 389: 16:Former nickel mine in Western Australia 868:Bulong Nickel Cobalt Laterite Project 230:, 40 kilometres (25 mi) east of 7: 429:Gilbert M. Ralph (9 November 1994). 1112:2003 disestablishments in Australia 674:Australian Broadcasting Corporation 670:"Big plans for Bulong nickel plant" 912:Nickel mining in Western Australia 558:"For sale: plagued nickel project" 378:Nickel mining in Western Australia 242:per tonne of ore to remove those. 14: 1092:Cobalt mines in Western Australia 1087:Nickel mines in Western Australia 234:, adjacent to Lake Yindarlgooda. 1107:1998 establishments in Australia 494:. 28 August 1997. Archived from 43: 36: 563:The Australian Financial Review 492:Government of Western Australia 1: 849:Bulong Deposit Summary Report 57:Location in Western Australia 1028:Kambalda Nickel Concentrator 761:"Gardner buys Cawse, Avalon" 1052:Mining in Western Australia 1128: 1102:City of Kalgoorlie–Boulder 1097:Surface mines in Australia 759:Nick Evans (23 May 2014). 373:List of mines in Australia 1041: 1023:Kalgoorlie Nickel Smelter 1002:Emily Ann and Maggie Hays 584:Pierpont (16 July 2002). 327:found in the clay caused 284:Murrin Murrin Nickel Mine 202: 31: 556:Pierpont (6 June 2003). 119:30.687239°S 121.815941°E 1033:Kwinana Nickel Refinery 859:MINEDEX website: Avalon 617:www.investogain.com.au 124:-30.687239; 121.815941 190:Wingstar Investments 766:The West Australian 195:Year of acquisition 115: /  23: 1016:Process facilities 209:Bulong Nickel Mine 51:Bulong Nickel Mine 22:Bulong Nickel Mine 1074: 1073: 820:www.dmp.wa.gov.au 735:www.dmp.wa.gov.au 703:www.dmp.wa.gov.au 645:www.dmp.wa.gov.au 613:"Pantoro Limited" 525:www.dmp.wa.gov.au 280:Cawse Nickel Mine 228:Western Australia 206: 205: 82:Western Australia 1119: 1046:Related articles 905: 898: 891: 882: 861:Database of the 836: 835: 833: 831: 812: 806: 805: 803: 801: 784: 778: 777: 775: 773: 756: 750: 749: 747: 745: 732: 724: 718: 717: 715: 713: 700: 692: 686: 685: 683: 681: 666: 660: 659: 657: 655: 642: 634: 628: 627: 625: 623: 609: 603: 602: 600: 598: 581: 575: 574: 572: 570: 553: 540: 539: 537: 535: 522: 514: 508: 507: 505: 503: 498:on 20 March 2023 484: 478: 477: 475: 473: 463:"Bulong Ni Mine" 459: 446: 445: 443: 441: 426: 417: 416: 414: 412: 394: 250:The area around 130: 129: 127: 126: 125: 120: 116: 113: 112: 111: 108: 47: 46: 40: 24: 1127: 1126: 1122: 1121: 1120: 1118: 1117: 1116: 1077: 1076: 1075: 1070: 1065:Poseidon bubble 1037: 1011: 965: 914: 909: 845: 840: 839: 829: 827: 826:. 24 March 2021 814: 813: 809: 799: 797: 786: 785: 781: 771: 769: 758: 757: 753: 743: 741: 730: 726: 725: 721: 711: 709: 698: 694: 693: 689: 679: 677: 676:. 17 March 2005 668: 667: 663: 653: 651: 640: 636: 635: 631: 621: 619: 611: 610: 606: 596: 594: 583: 582: 578: 568: 566: 555: 554: 543: 533: 531: 520: 516: 515: 511: 501: 499: 486: 485: 481: 471: 469: 461: 460: 449: 439: 437: 428: 427: 420: 410: 408: 396: 395: 391: 386: 369: 248: 123: 121: 117: 114: 109: 106: 104: 102: 101: 61: 60: 59: 58: 55: 54: 53: 52: 48: 17: 12: 11: 5: 1125: 1123: 1115: 1114: 1109: 1104: 1099: 1094: 1089: 1079: 1078: 1072: 1071: 1069: 1068: 1061: 1054: 1049: 1042: 1039: 1038: 1036: 1035: 1030: 1025: 1019: 1017: 1013: 1012: 1010: 1009: 1004: 999: 994: 989: 984: 979: 973: 971: 970:Inactive mines 967: 966: 964: 963: 958: 953: 948: 943: 938: 933: 928: 922: 920: 916: 915: 910: 908: 907: 900: 893: 885: 879: 878: 873: 865: 856: 851: 844: 843:External links 841: 838: 837: 807: 794:ABC Goldfields 779: 751: 719: 687: 661: 629: 604: 576: 541: 509: 479: 467:www.mindat.org 447: 418: 402:www.mindat.org 388: 387: 385: 382: 381: 380: 375: 368: 365: 348:Norilsk Nickel 311:sulphuric acid 247: 244: 240:sulphuric acid 211:was a surface 204: 203: 200: 199: 196: 192: 191: 188: 184: 183: 179: 178: 175: 171: 170: 167: 163: 162: 159: 155: 154: 150: 149: 141: 137: 136: 132: 131: 99: 95: 94: 89: 85: 84: 79: 73: 72: 67: 63: 62: 56: 50: 49: 42: 41: 35: 34: 33: 32: 29: 28: 15: 13: 10: 9: 6: 4: 3: 2: 1124: 1113: 1110: 1108: 1105: 1103: 1100: 1098: 1095: 1093: 1090: 1088: 1085: 1084: 1082: 1067: 1066: 1062: 1060: 1059: 1055: 1053: 1050: 1047: 1044: 1043: 1040: 1034: 1031: 1029: 1026: 1024: 1021: 1020: 1018: 1014: 1008: 1005: 1003: 1000: 998: 995: 993: 990: 988: 985: 983: 980: 978: 975: 974: 972: 968: 962: 959: 957: 954: 952: 949: 947: 946:Murrin Murrin 944: 942: 939: 937: 934: 932: 929: 927: 924: 923: 921: 917: 913: 906: 901: 899: 894: 892: 887: 886: 883: 877: 874: 872: 869: 866: 864: 860: 857: 855: 852: 850: 847: 846: 842: 825: 821: 817: 811: 808: 796: 795: 790: 783: 780: 768: 767: 762: 755: 752: 740: 736: 729: 723: 720: 708: 704: 697: 691: 688: 675: 671: 665: 662: 650: 646: 639: 633: 630: 618: 614: 608: 605: 593: 592: 587: 580: 577: 565: 564: 559: 552: 550: 548: 546: 542: 530: 526: 519: 513: 510: 497: 493: 489: 483: 480: 468: 464: 458: 456: 454: 452: 448: 436: 435:WMC Resources 432: 425: 423: 419: 407: 403: 399: 393: 390: 383: 379: 376: 374: 371: 370: 366: 364: 362: 356: 352: 349: 344: 342: 338: 332: 330: 326: 322: 317: 312: 308: 303: 299: 297: 291: 287: 285: 281: 276: 275:Colin Barnett 271: 267: 264: 263:WMC Resources 260: 257: 253: 245: 243: 241: 235: 233: 229: 225: 221: 218: 214: 210: 201: 197: 193: 189: 185: 180: 176: 172: 168: 164: 160: 156: 151: 148: 145: 142: 138: 133: 128: 100: 96: 93: 90: 86: 83: 80: 78: 74: 71: 68: 64: 39: 30: 25: 19: 1063: 1058:Nickel Queen 1056: 1045: 986: 956:Ravensthorpe 919:Active mines 828:. Retrieved 819: 810: 798:. Retrieved 792: 782: 770:. Retrieved 764: 754: 742:. Retrieved 734: 722: 710:. Retrieved 702: 690: 678:. Retrieved 664: 652:. Retrieved 644: 632: 620:. Retrieved 616: 607: 595:. Retrieved 589: 579: 567:. Retrieved 561: 532:. Retrieved 524: 512: 500:. Retrieved 496:the original 482: 470:. Retrieved 466: 438:. Retrieved 409:. Retrieved 401: 392: 357: 353: 345: 333: 304: 300: 292: 288: 272: 268: 249: 236: 208: 207: 18: 941:Mount Keith 926:Forrestania 319:located in 122: / 110:121°48′57″E 98:Coordinates 1081:Categories 982:Black Swan 433:(Report). 406:Mindat.org 384:References 232:Kalgoorlie 135:Production 107:30°41′14″S 977:Beta Hunt 316:magnesium 169:1998–2003 92:Australia 1007:Windarra 961:Savannah 936:Leinster 931:Kambalda 830:20 March 816:"Bulong" 800:20 March 772:21 March 744:20 March 712:20 March 680:20 March 654:20 March 622:20 March 597:20 March 569:20 March 534:20 March 502:20 March 472:20 March 440:21 March 411:21 March 367:See also 341:sulphide 337:laterite 296:Barclays 282:and the 259:laterite 140:Products 66:Location 27:Location 591:The Age 329:calcium 246:History 187:Company 153:History 88:Country 997:Cosmos 987:Bulong 325:gypsum 256:cobalt 252:Bulong 224:Bulong 217:cobalt 213:nickel 174:Closed 166:Active 158:Opened 147:Cobalt 144:Nickel 70:Bulong 992:Cawse 731:(PDF) 699:(PDF) 641:(PDF) 521:(PDF) 222:near 182:Owner 77:State 951:Nova 832:2023 802:2023 774:2023 746:2023 714:2023 682:2023 656:2023 624:2023 599:2023 571:2023 536:2023 504:2023 474:2023 442:2023 413:2023 321:clay 307:Cuba 220:mine 215:and 198:2014 177:2003 161:1998 1083:: 822:. 818:. 791:. 763:. 737:. 733:. 705:. 701:. 672:. 647:. 643:. 615:. 588:. 560:. 544:^ 527:. 523:. 490:. 465:. 450:^ 421:^ 404:. 400:. 226:, 1048:: 904:e 897:t 890:v 834:. 804:. 776:. 748:. 716:. 684:. 658:. 626:. 601:. 573:. 538:. 506:. 476:. 415:.

Index

Bulong Nickel Mine is located in Western Australia
Bulong
State
Western Australia
Australia
30°41′14″S 121°48′57″E / 30.687239°S 121.815941°E / -30.687239; 121.815941
Nickel
Cobalt
nickel
cobalt
mine
Bulong
Western Australia
Kalgoorlie
sulphuric acid
Bulong
cobalt
laterite
WMC Resources
Colin Barnett
Cawse Nickel Mine
Murrin Murrin Nickel Mine
Barclays
Cuba
sulphuric acid
magnesium
clay
gypsum
calcium
laterite

Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.