2012 Annual Report (2 April 2013) - Grange Resources
2012 Annual Report (2 April 2013) - Grange Resources
2012 Annual Report (2 April 2013) - Grange Resources
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<strong>2012</strong> ANNUAL REPORT<br />
3<br />
PAGE<br />
<strong>2013</strong> Priorities<br />
<strong>Grange</strong> is Australia’s proven, safe, reliable, long life producer of premium<br />
quality magnetite pellets and is a major long-term contributor to the<br />
Tasmanian economy.<br />
<strong>2013</strong> PRIORITIES<br />
◆◆<br />
Broaden customer base to take advantage of current market opportunities<br />
◆ ◆ Drive operating costs down further and maintain current sales volumes<br />
while regaining access to high grade ore<br />
◆◆<br />
◆◆<br />
◆◆<br />
◆◆<br />
◆◆<br />
Continue investment in mine development - progress next phase of<br />
North Pit development and unlock South Deposit to provide alternative<br />
sources of ore<br />
Continue to develop and implement “real time” operational scheduling<br />
and management processes to improve daily productivity<br />
Continue to invest in process infrastructure<br />
◆◆<br />
◆◆<br />
◆◆<br />
Complete preparatory works for installation of new autogeneous mills<br />
at Savage River<br />
Progress approval for South Deposit tailings storage facility which is<br />
sufficient for the balance of the mine life at Savage River<br />
Continue development and implementation of end to end quality<br />
management process<br />
Focus on the strategic management of capital expenditure to ensure that it<br />
adds the maximum value at the right time<br />
Continue to drive value for all shareholders<br />
◆◆<br />
◆◆<br />
Maintain regular dividend policy<br />
Target growth opportunities to complement existing business<br />
Investment MERITS<br />
◆◆<br />
◆◆<br />
◆◆<br />
◆◆<br />
◆◆<br />
Savage River is a long<br />
established operation with<br />
45 years of experience<br />
Savage River is a long life<br />
producer of premium quality<br />
magnetite pellets<br />
Savage River generates<br />
significant cash flow<br />
We have the in house skills,<br />
systems, capability and discipline<br />
to deliver Southdown’s potential<br />
when the time is right<br />
High yield dividend stream<br />
commenced in 2011 and<br />
continued throughout in <strong>2012</strong><br />
Above left: Daniel Lester, Environmental<br />
and Social Responsibility Officer, checking<br />
water samples at Savage River.<br />
Above right: Brok Whitaker, Grade Control<br />
Geologist, taking drill samples at<br />
Long Plains.
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