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July 2015
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2015/04/20 10:43
MINING News
Pickstone-Peerless gold
mine heads for production
Vast, the AIM-listed resource and development company, reports that
strong progress is being made in advancing the Pickstone-Peerless
gold mine in Zimbabwe into production in August 2015. The mine is
being commissioned, with an estimated annualised gold production of
around 10 000 ounces expected from the targeted initial mining rate
of 10 000 tonnes of ore per month from the opencast oxide gold cap.
The first two blasts, one at the Pickstone opencast pit and the other
at the Peerless opencast pit, have taken place. The crushing circuit,
consisting of a primary crusher, two secondary crushers and a cone
crusher, is complete and has been commissioned. This has released
additional construction personnel who will now be allocated to the
milling circuit and the carbon-in-leach/carbon-in-pulp tanks. The elec-
trowinning and gold production facility is complete.
The primary crusher at Pickstone-Peerless, which has now been commissioned
(photo: Vast).
Rio Tinto has completed the sale of its 78 % interest in Murowa
Diamonds and its 50 % interest in Sengwa Colliery Ltd to RZ Murowa
Holdings Limited. It says it believes that the future of these assets can
be best managed by entities with existing interests in Zimbabwe.
RioZim Limited, an independent Zimbabwean mining company
listed on the Zimbabwean Stock Exchange, already holds a 22 %
interest in Murowa Diamonds and a 50 % interest in Sengwa and will
assume the overall management of both entities.
Rio Tinto Diamonds and Minerals Chief Executive Alan Davies said:
“Rio Tinto remains committed to the diamond industry and is focused
on operating its two world-class underground mines whilst obtaining
the approvals for its advanced diamond project in India.”
The Murowa diamond mine is an open-pit mining operation
located near Zvishavane in south-central Zimbabwe. Production from
Murowa began in 2004 and the mine reportedly produced 344 000
carats in 2014.
Rio Tinto completes sale of
its Zimbabwean interests