Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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Just a couple of quick questions for those on the board who might be local or know the area:
What is the public perception of the project?
and
Are you aware of any formed pressure groups fighting the application?
Publicly available comments are very thin on the ground, so it looks like it's getting a fairly calm reception. Thanks
@Croissant - I'm local(ish). I do however know a local landowner quite well. There's nothing concrete that I know about or heard on the grapevine. There's a community engagement program on going at the moment which coincided with EA consultation period starting. But it's mainly a low key affair targeted at the surrounding parishes. Basically coffee mornings.
It's worth noting that the main reason the aggregate business was put on hold was due to local opposition to increased lorry movements and the impact on traffic / noise / road damage. I personally suspect they suspended the aggregate business as a gesture of good will to help smooth the path for the main MPF permit.
If you search out the previous noise reports there is actually very few properties directly affected. Remedial measures relatively easy to implement. I'm guessing (hoping) that in order to legitimately lodge a compliant about the EA report it will be necessary to prove you're directly affected.
We'll have to wait to see what transpires. Should know soon. Next few weeks by my calculations.
There's a couple of other posters that are also local. Maybe they will contribute any info they have.
Fingers crossed we get the MPF approval soon.
ATB LB
Nice one LB. Thanks for the info.
I think I can add some clarity regards the Agg business. They have planning permission for 50 truck movements per day. I believe they wanted 200. Increased traffic movement was objected to so to maintain good community relations a variation was sought to increase tonnage carried per load - that's what the variation order was for, and its been granted. I'm sure they'll apply for movement increase variations in the future, but it was sufficient to run the aggs off site (approx 100,000 tonnes got moved).
However, the aggs are a by-product. The cost of extraction can be bourn by the sales of the concentrates but not by the aggs themselves. If they were to run at full capacity throughput (3.5M tonnes) they would make circa £3.5M based on the data supplied in their reporting (£1/tonne profit). They've vertically integrated the business through a JV / partnership with a company called GRS for aggregate sales, so they're having to split the proceeds. I think that there is a lot of upside in this profit centre once the business is properly established. In an ideal world they would run the circuits and separate the high yield mineralised rocks using those TOMRA COM sorters which they purchased, storing the high grade material on site and shipping the aggs. But, its not self sustaining which is why it's the last income stream to be engaged in their FS.
Finally the reason they've suspended the aggs business is that they have processed all of the latent "waste" material from the WOLF operations. As the site is in caretaker mode no more by-product is being produced. They very efficiently cleared all of the aggs stock, proved the business viability and boosted the environmental case regards the MPF permit application ("zero waste").
So, returning to the permit. The D&C EA currently have a fantastic video online detailing the noise issues and the proposed abatement measures to be implemented. Noise abatement is the biggest CAPEX component remaining, I believe. Hopefully we get a rapid response from the D&C EA because the faster their response time the higher the chances of a positive outcome. ATB
There's a rehandle cost saved if TUN can sell as many tonnes of granite as they can which I wouldn't think is included in the £1 per tonne as the waste movement is part of the metal production cycle. Plus, sending less waste to the rock dump presumably extends the life of the MWF.
The aggs part of the business is more positive to the overall NPV than I feel is let on, I am sure they will be back in for 200+ truck movements once they have the MPF permit wrapped up.
Definitely. Aggs is a winner. It could rival the tin stream if the margin was 10x, but 3.5 M tonnes is a lot of rock to shift. You'd expect more truck movements or some rather large trucks.
Croissant:- "You'd expect more truck movements or some rather large trucks."
or a conveyor to rail sidings perhaps..........................
@VIS - is this "the inside track"?
Very good! An observation from a OS map study
@vii. I know this has been discussed here before.
Are you alluding to the sidings at 50.395619,-3.997650 (sorry long/lay not OS grid ref). Due south from Sparkwell.
I can't see it happening myself. It would go through a sensitive area. Public objection. Unless it was a tunnel (sirius style).
It's a couple of miles as the crow flies. Not convinced the volume of product would warrant the enormous CapEx. Just my view.
ATB LB
Is this going to be the make or brake of us going forward when we receive the EA report? Does it all depend on how many people object to it? The issues raised can be addressed.
If there's been an extension to the EA, why has there been no RNS put out?