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November 2015
MODERN MINING
17
MINING News
Canada’s Diamcor Mining Inc is preparing
diamond inventory for its largest tender to
date, with approximately 6 800 carats of
rough diamonds recovered from its Krone-
Endora at Venetia project in South Africa to
be offered. The project is located adjacent
to De Beers’Venetia mine.
Rough diamonds in this initial tender of
the company’s third fiscal quarter, ending
31 December 2015, will consist of approxi
mately 2 800 carats of rough diamonds
from material recovered and processed
from the beginning of October to the 25th
of the month, along with approximately
4 000 carats of rough diamonds which
the company previously announced were
held as rough diamond inventory as of
30 September 2015.
Rough diamonds being offered for
the planned tender will include certain
higher value rough diamonds which
Diamcor withdrew from the previous
tender, namely eight individual 2-3 carat
rough diamonds, as well as one 10,93
carat ‘special’ and four additional indi
vidual ‘specials’ ranging in size between
Tractebel to undertake Mbeya power study
Kibo Mining, listed on London’s AIM and
Johannesburg’s AltX, has engaged Tractebel
Engineering, a 100 % subsidiary of Engie (for
merly GDF Suez), to conduct the Definitive
Power Feasibility Study (DPFS) for the Mbeya
Coal to Power Project (MCPP) in Tanzania.
The DPFS will commence immediately.
According to Kibo, the MCPP will benefit
immensely from the wealth of experience
and knowledge in Tractebel. The commer
cial terms on which Tractebel was engaged
will furthermore relieve pressure on Kibo’s
short term cash flow requirements and
funding needs substantially. This will in
turn potentially enable Kibo to complete
the definitive feasibility studies for both the
mine and the power plant and to advance
the MCPP up to Bankable Feasibility Study
(BFS) without the need to give away any of
Kibo’s equity in the MCPP, of which the com
pany still owns 100 %.
The appointment of Tractebel also com
pletes the process of providing Kibo with
adequate capacity to develop, construct
and commission the MCPP. The MCPP now
has the benefit of reputable capabilities in
the form of MinXcon to complete mining
feasibility work, Tractebel to complete the
feasibility studies on the power plant, SEPCO
III as preferred EPC contractor and Standard
Bank as financial advisor.
Headquartered in Belgium, Tractebel
Engineering – which acquired the Lahmeyer
Group in December 2014 – has approxi
mately 4 400 employees worldwide and
operates in 33 countries.
Diamcor prepares largest tender to date
11,72 carats and 18,05 carats.
Rough diamonds being tendered are
the result of the continued processing of
material in the +1,0 mm to -26 mm size
fractions, along with limited processing
of material from various larger size frac
tions during the period. The combined
efforts currently underway are designed
to support the continued advancement of
objectives consistent with the recommen
dations of the updated NI43-101 Technical
Report filed by Diamcor in April this year,
and to aid the company in arriving at initial
production decisions for the project.