Clough has been appointed as lead Engineer and preferred EPC contractor for the development of TNG’s Mount Peake project located 235 km north-west of Alice Springs in the Northern Territory.
The Mount Peake Project, which is one of the largest undeveloped vanadium-titanium-iron projects in the world, has been awarded Major Project Status by both the Australian Federal Government and the Northern Territory Government.
The company’s strategy for the project is to develop a fully-integrated single mining and processing operation to produce three high-value, high-purity products for export –vanadium pentoxide (V2O5), titanium dioxide (TiO2) pigment and iron oxide (Fe2O3) – through the application of a world-first processing technology, known as the TIVAN® Process, which is owned exclusively by TNG.
Clough’s CEO & Managing Director, Peter Bennett, said: “We are excited to be appointed as lead engineer and preferred EPC contactor for TNG to continue the development of their Mount Peake Project. Combining our 103-years of experience in delivering critical assets with TNG’s world first Processing Technology will create a nationally significant project.”
TNG’s CEO & Managing Director, Paul Burton, said: “We are delighted to have moved forward with appointing Clough as TNG’s preferred EPC contractor and Lead Engineer for the delivery of the Mount Peake Project. Clough has a strong track record in delivering large projects like Mount Peake, and we are looking forward to working closely with them as they develop their EPC Proposal.”