Tiger lays its cards on the table for 2016
PERTH (miningweekly.com) – ASX-listed Tiger Resources on Thursday told shareholders that copper cathode production during 2016 was expected to reach between 26 000 t and 28 000 t.
This was compared with the 26 151 t delivered in 2015.
Cash operating costs for the full year were expected to reach between $1.34/lb and $1.42/lb, while all-in sustaining costs were expected to reach between $1.56/lb and $1.65/lb.
“This is a new era for the company and the guidance reflects efforts to streamline the business and cost reduction to achieve the planned activities and production for 2016,” said Tiger interim CEO Mike Griffiths.
Tiger in July last year committed to the debottlenecking of the Kipoi solvent extraction and electrowinning plant, in the Democratic Republic of Congo, to increase the nameplate capacity of the plant from 25 000 t/y to 32 500 t/y.
To date, design works for the tank leach have been completed, and all long-lead items have been ordered, while site works have started for the tank leach and the additional electrowinning cells.
Some $25-million would be spent during 2016 on this project.
Meanwhile, Tiger has also conducted vigorous cost cutting and an efficiency drive, which resulted in site-based personnel being reduced by 38%, while the headcount at the Perth head office was reduced by 33%.
Comments
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