Dry mining at Sierra Rutile’s Sembehun viable
JOHANNESBURG (miningweekly.com) – A study has confirmed that dry mining could be considered at the Sembehun project, in Sierra Leone, Aim-listed Sierra Rutile said on Monday.
The study also confirmed that the project fit well into the company’s long-term production plan and its ability to fund its growth plans while supporting meaningful and sustained distributions to shareholders.
The proposed project comprised an openpit dry mining operation with two 500 t/h concentrator units, which had near identical configurations to the company’s Gangama dry mine.
As Sembehun was a long-term project, no decision on the start of the project would be required until at least 2017; however, it represented the next stage in production after Gangama, contributing 74 000 t/y of rutile over a mine-life of 19 years. Operations were estimated to start in 2019.
The Sembehun project, which would cost about $126-million to develop, had an estimated average total operating cash cost of $317/t and was expected to reduce Sierra Rutile's total operating cash costs to $481/t, on average, over the first five years of the project.
Sierra Rutile would use internally generated cash flow to develop Sembehun, in line with its stated plan of funding growth, while paying a sustainable dividend.
The company would release the results of a prefeasibility study on the project in the third quarter.
"The study provides clarity over Sierra Rutile's long-term plans. Together with [the] Lanti dry mine and Gangama dry mine, the project demonstrates our committed transition to a dry mining focused company,” CEO John Sisay said.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...
VISIT SHOWROOM
Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
