https://www.miningweekly.com

Tres Estradas to cost $84m

21st March 2018

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – A bankable feasibility study (BFS) into the Tres Estradas phosphate project, in Brazil, has estimated that the project would require a capital investment of $83.9-million to produce a total of 43.5-million tonnes of ore.

ASX-listed Aguia Resources said that the project will include an openpit, truck-and-shovel operation over the initial 16-year mine life, with the project expected to have a further 20-year mine life delivering aglime products that will be reclaimed from the tailings dam.

With an average capacity of 300 000 t/y of phosrock, the average annual feed into the processing plant is expected to be 1.3-million tonnes of the oxide ore in Phase 1 of the operation, resulting in a life-of-mine production of 4.7-million tonnes of phosphate concentrate and antoher 32.9-million tonnes of aglime.

The project is estimated to have a pre-tax net present value of $300-million and an internal rate of return of 21%, while Phase 1 earnings before interest, tax, depreciation and amortization is expected to be$28-million, a further $37-million for Phase 2 and $26-million for Phase 3.

“These new and robust economic results are the result of an extensive analysis that has been conducted over the last year and satisfy our objective of designing a simple and efficient project that delivers significant value for Aguia shareholders,” said technical director Fernando Tallarico.

Aguia has completed a detailed survey of the project area and has filed the environmental impact assessment with the local environmental agency. The company was hoping to have a preliminary license for Tres Estradas granted within the next three to four months.

The company was also exploring the adjacent properties with the hopes of expanding the mine life of Tres Estradas

Edited by Creamer Media Reporter

Comments

Showroom

Willard
Willard

Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...

VISIT SHOWROOM 
M and J Mining
M and J Mining

M and J Mining are leading suppliers of physical support systems as used by the underground mining industry. Our selection of products are not...

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:0.1 0.135s - 90pq - 2rq
Subscribe Now