Modern Mining June 2016

MINING News

project’s investment framework.” The company is also making a signifi- cant investment in the development of the country’s human capital by training Congolese as professional managers in line with its policy that all its operations should be run by local nationals. “We’re not just creating jobs, we’re cre- ating careers, and for generations to come Kibali will be managed by Congolese citi- zens with world-class skills,” he said. 

advanced planning stage,” he continued. “The palm oil project, initiated by Kibali, progressed this week when the gov- ernment issued an arrêté granting the project full exoneration from duties on all capital items needed in the milling and refining operations as well as the planta- tion establishment. A further two arrêtés, regulating all fiscal and land matters, are expected shortly to complete the agree- ment with the government regarding the

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AIM-listed Edenville Energy reports that preliminary earthworks have now com- menced at the Mkomolo deposit site which was awarded a mining licence in late February 2016. The deposit forms part of its Rukwa Coal to Power Project (RCPP) in south-west Tanzania. Mobile earthmoving equipment arrived on site in late April and has initially been put to work on improving the site access. Rebuilding of river crossings close to the Mkomolo deposit was the first task to be completed. Following this, the widening and upgrading of the access road is taking place, which links the main highway to the deposit site and colonial pit area. Earthworks start at Rukwa project site “I am extremely pleased our team in Tanzania have been able to mobilise equipment so rapidly and start work on improving access to the site,” says Rufus Short, Chairman and Chief Executive Officer of Edenville. “This will allow greater flexibility to carry out further site works including bulk sample excavation and geotechnical drilling for the pit, along with preparatory site investigations for the power plant.

the study. On the same design and con- struction quantities, life-of-mine savings of US$4 million were achieved including a US$1,0 million reduction in the initial capital costs. “This US54 million reduction in the funding hurdle fundamentally repo- sitions for development Azumah’s proposed initial seven-year, 90 000 oz/a Wa gold project,” says Azumah’s Managing Director, Stephen Stone. “The recent high-grade discovery at Manwe, the acquisition of the high-grade, 69 000 oz Julie West resources, a firmer gold price and improved investor senti- ment towards overseas gold projects considerably enhance the prospects of securing project finance or a develop- ment partner.”  “This work is the first part of the much bigger development that will ultimately be an integrated coal to power project supply- ing electricity and providing employment to the Rukwa region and south- west- ern Tanzania. I look forward to updating our shareholders on other aspects of the project in the near future, including the status of our discussions with groups who have expressed an interest in partnering Edenville in the project and providing finance for its further development.” 

capital cost saving of US$7,4 million. Ghana’s state-owned GridCo has installed a 161 kV power line almost to site at no cost to Azumah except for the payment of statutory compensation to the small number of farmers impacted. A conservative saving of 15 % or US$1,4 million of the study capital cost for the main power supply sub-station was realised due to a change in design approach and adopting GridCo accepted precedents at other projects. Consultants Knight Peisold revised the construction rates for the tailings stor- age facility (TSF) and water storage dam based on tenders received for recent sim- ilar projects in Africa. No changes were made to the design of these structures or the construction quantities adopted for Work will continue on road building and upgrading for several more weeks. After the site road upgrades, the equipment will then be put to work improving access to three local villages in the area. This, says the company, is part of its Corporate Social Responsibility (CSR) commitment.

Tel: +27 (0)11 383 9300 www.winder.co.za

Fax: +27 (0)11 383 9305 email: winder@winder.co.za

June 2016  MODERN MINING  7