Background Image
Previous Page  17 / 64 Next Page
Information
Show Menu
Previous Page 17 / 64 Next Page
Page Background

July 2015

MODERN MINING

15

MINING News

Canada’s Tanzanian Royalty Exploration

Corporation (TRX) has appointed Jeffrey R.

Duval as its new Vice President of Project

Logistics. He brings to the company over a

quarter-century of experience working with

some of the largest construction firms in the

US south-west.

Tanzanian Royalty is currently developing

a pilot mine operation based on the Buckreef

South prospect at its Buckreef gold proj-

ect in Tanzania but is ultimately aiming to

develop what it calls the ‘Buckreef Mega-Pit’.

Four heap leach pads and a 6-tonne capac-

ity Carbon-in-Column (CIC) gold adsorption

plant have been constructed at the site as

part of the pilot mine development.

“I am delighted to be part of the growing

TRX team,” says Duval. “As it happens, I had

been following the company and its CEO,

Jim Sinclair, for many years. I look forward

to the challenge. Tanzania is over double the

size of California and the target sites that Jim

presented to shareholders at the AGM are by

no means contiguous. Planning and logistics

are important. I was especially impressed by

the ‘attack plan’ Jim designed to pull cash

flow out of several smaller target sites first,

so we can use the proceeds, sequentially, to

assist in financing our build-outs as we move

closer and closer to the Buckreef Mega-Pit.

“Of course, the company has just com-

pleted construction of what is called a basic

heap leach plant; and, as we work our way

Logistics expert joins Tanzanian Royalty

toward the Buckreef Mega-Pit, multiple CIL

units will also be needed. An alternative is to

design a modular unit that is portable, and I

do fully intend to explore this option as well.

“CIL design has the ability to process not

merely the oxide type of extracted material

but also the sulphide type,” he continues.

“To have both facilities available – the CIC

and the CIL – makes the company extremely

flexible on a go-forward basis, and speaks

to the scope of the long-term plan that Jim

presented. Bottom line, we are looking to

get the best efficiency, the best costing, and

the most precise scheduling that is available.

“The future? All roads ultimately lead to

the Buckreef Mega-Pit. I roughly estimate

that the Mega-Pit would require a plant

of approximately five times the size of the

facility currently processing material for us

at our launch site. That is a staggering num-

ber to imagine. I sincerely believe this is a

company with a very exciting future indeed.”

The Buckreef gold mine re-devel-

opment project was acquired from the

Tanzanian State Mining Company (Stamico)

in December 2010. Under a Heads of

Agreement concluded with the state-owned

company, Tanzanian Royalty has the right to

earn a 55 % interest in Buckreef with Stamico

holding the remainder.

The project is located in northernTanzania

immediately to the south of LakeVictoria and

110 km south-west of Mwanza.

Mining activities in the South pit at Buckreef (Photo: Tanzanian Royalty).

Earthworks at Liqhobong impact on project schedule

In an update on its Liqhobong mine devel-

opment project in Lesotho, Firestone

Diamonds plc, the AIM-quoted dia-

mond development company, says initial

production from the new mine is now

expected during Q4 2016 rather than the

end of H1 2016 as previously anticipated. 

Firestone says it was able to get ahead

on a number of work streams across the

project before the start of the 2014/2015

summer rainy season. However, gains

made against the schedule at this early

stage were reversed by the impact of an

increase in the quantity of overburden to

be removed from the primary crusher and

plant terraces.