Modern Mining October 2016

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.

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. 

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

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