VHM’s mining and refinery project awarded Major Project Status

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VHM Limited’s Goshen project has been awarded a Major Project Status in a move that is expected create hundreds of jobs in regional areas of Victoria and South Australia.

The Goschen zircon and rare earth minerals project involves the development of a mine near Swan Hill in Victoria and a rare earth minerals refinery at an established site in regional South Australia.

Once completed, it will develop and export a combination of refined rare earth oxide products (approximately 3000 tonnes per annum);  mixed heavy rare earth carbonate concentrates (approximately 14,000 tonnes per annum); and zircon and titanium minerals (up to 500,000 tonnes per annum).

Minister for Industry, Science and Technology Christian Porter said the project will support 500 direct new jobs during construction, as well as 300 direct ongoing jobs over a period of at least 20 years.

“Along with the mining of zircon and titanium minerals for export, this project involves mining rare earths and processing them in a purpose-built refinery in Australia, just the sort of value-adding we want to see in this and other areas,” Minister Porter added.

Minister for Resources, Water and Northern Australia Keith Pitt said the project has the potential to underpin the future development of other advanced manufacturing industries in Australia such as transport and defence.

“The rare earths in the Goschen Mine include neodymium, praseodymium, dysprosium and terbium, which can be used in things such as the production of electric vehicles, generators for wind turbines, and even robotics,” Minister Pitt concluded.

Image credit: https://www.vhmltd.com.au/project/project-overview/