Aust Silicon granted consent to develop carbon pla

  1. 5,769 Posts.
    Aust Silicon granted consent to develop carbon plant
    14:04, Wednesday, 1 May 2002

    Sydney - Wednesday - May 1: (RWE) - Australian Silicon Ltd has
    been granted development consent by the NSW Minister for Planning for
    the carbon reductant facility near Moruya - one of the four key
    components for the integrated silicon metal project.
    The development consent ensures a 20-year high quality charcoal
    supply to the Australian Silicon Project.
    Australian Silicon is developing a timber plantation strategy to
    provide timber, and hence high quality carbon reductant, to the project
    after the term of the current timber supply agreement with State Forests
    of NSW.
    Details of the timber plantation strategy will be announced when
    the business plan and feasibility is completed, expected in the third
    quarter.
    "The Carbon Reductant Facility development consent enables
    Australian Silicon to finalise integrated design and documentation for
    project finance and is a major step forward to the development of a
    silicon metal industry on the east coast of Australia," directors said.
    Shares in Australian Silicon were up 1.5c to 19c this afternoon.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.