https://www.miningweekly.com

CRG acquires concentrator circuit

27th February 2017

By: Megan van Wyngaardt

Creamer Media Contributing Editor Online

     

Font size: - +

JOHANNESBURG (miningweekly.com) – Central Rand Gold (CRG) has placed an order for a 60 000 t/m concentrator circuit to upgrade the gold grade of mine waste dumps materials before further metallurgical processing.

The circuit will comprise four centrifugal concentrators, two scrubbers, a high-speed agitator, a dewatering screen, hoppers, conveyor belts, sand/water pumps, a master control panel, high-density polyethylene pipelines, solenoid/butterfly valves, cables, steel structure and other ancillary equipment.

The circuit also includes a water recycling system to limit the use of clean water.

It is expected to be delivered and assembled in the second quarter of this year and commissioned in the third quarter.

“This is a crucial step towards enabling the company to better process the available tailings to increase the efficiency of the production process and the value of the throughput,” CRG chairperson Simon Charles.

Meanwhile, CRG on Monday also announced that it would issue 6.94-million shares to Bergen Global Opportunity Fund, after the latter chose to exercise its convertible securities in CRG at 0.7p a share.

Following admission of the relevant shares on the JSE and Aim, the company's enlarged issued share capital will comprise 227-million ordinary shares with voting rights.

The companies in June last year entered into a bridge funding facility and equity subscription, whereby Bergen invested up to $4-million zero coupon convertible securities, comprising of an initial tranche of $598 000 with the ability for up to an additional $3.5-million to be provided by mutual consent.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

WearCheck
WearCheck

Leading condition monitoring specialists, WearCheck, help boost machinery lifespan and reduce catastrophic component failure through the scientific...

VISIT SHOWROOM 
Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.105 0.143s - 106pq - 2rq
Subscribe Now