Carbon capture key project feature
Crawford will produce 1.6mt of nickel, 24,000t of cobalt, 490,000oz of platinum and palladium, 58Mt of iron and 2.8Mt of chromium over a 41-year mine life. On an annualised basis, the project will produce 38,000t of nickel, 800t of cobalt, 13,000oz of palladium and platinum, 1.6Mtpa of iron and 76,000t of chrome.
The project will yield an after-tax net present value of US$2.3 billion at an 8% discount rate with an internal rate of return of 17.1% following a $1.9 billion initial capital investment, and $5.2 billion over the life of the mine, generating $546 million in annual free cash flow. Including credits expected to be generated from carbon capture and storage credits, these increase to $2.6 billion and 18.3%.
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