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October 2016
MODERN MINING
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MINING News
Africa’s Consulmet. This initial plant com-
prises a contract screening and crushing
plant and an ‘ultrafine’ wet screening
plant. Future modular processes for
owner crushing and magnetic separation
can be readily added to the existing plant
design.
Following the execution of the
Consulmet contract in January 2016,
fabrication of the equipment was under-
taken in Johannesburg from January to
May 2016 and then pre-erected to ensure
minimal delays upon site installation.
Consulmet construction teams mobilised
to site in May and completed construc-
tion during July with wet commissioning
completed at the end of July 2016. First
phosphate product was stockpiled at the
end of August 2016.
Avenira has been involved with Baobab,
in conjunction with Agrifos, since 2014.
Agrifos originally launched the project
in 2011. A Small Mine Permit (SMP) was
granted in May 2015 and Avenira subse-
quently acquired 100 % of the asset from
Agrifos in September 2015.
Stefanutti Stocks selected for Boikarabelo
ASX- and JSE-listed emerging coal pro-
ducer Resource Generation (Resgen) says
that significant progress has been made
towards securing final approval for the
development of the company’s major proj-
ect, the Boikarabelo coal mine in South
Africa’s Waterberg coal field.
Rob Lowe, Chief Executive Officer of
Resgen and its BEE operating subsid-
iary, Ledjadja Coal, said the company
was advancing in parallel a number of
inter-related agreements which together
provide for long term risk management
and financial confidence in the mine
development.
In a key step forward, Ledjadja Coal has
selected Stefanutti Stocks Mining Services
(SSMS) as the preferred mining contractor.
Commented Lowe: “The appointment is in
line with our execution strategy to appoint
contractors with good track records and
strong balance sheets and thereby reduce
the company’s exposure to operating
risks inherent in a self-operated mine. This
appointment is another important step
towards validating the Base Case Financial
Model and the financial close of our debt
funding arrangements. This brings us one
step closer towards the development of
the Boikarabelo mine.”
Updating on the funding of the proj-
ect, Resgen says it advised the market on
8 August 2016 that it had agreed commer-
cial terms with a Financing Syndicate for
the development of Boikarabelo subject to
a number of Conditions Precedent.
The Financing Syndicate convened a
series of due diligence presentations and
a visit to the Boikarabelo mine during the
week of 29 August 2016. The outcome
of the presentations and site visit were
satisfactory and no serious flaws were iden-
tified, says Resgen.
Ledjadja Coal has reported probable
reserves of 744,8 Mt of coal on 35 % of the
tenements under its control. Stage 1 of the
mine development targets saleable coal
production of 6 Mt/a.