https://www.miningweekly.com

Kingsrose starts opencut mine at Talang Santo

8th November 2018

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Gold miner Kingsrose Mining has started an openpit operation at the Talang Santo mine, flagging its second operation at the Way Linggo gold/silver project, in Indonesia.

Underground operations at Talang Santo were suspended in 2017 as the operation proved to be uneconomic in the face of persistent operational challenges, safety concerns, and continued under-performance and high costs.

Since then, Kingsrose has been exploring options for the potential recovery of the remaining resource at the Talanga Santo deposit, with the miner settling on an openpit operation after a study found that the openpit operation could recover the ore left in the upper levels of the mine.

The company on Thursday announced that pre-mining waste removal has now started at the Talang Santo openpit mine.

Talang Santo is expected to have an initial mine life of 22 months, with ore from the operation to be processed in conjunction with the Way Linggo opencut ore at the Way Linggo processing facility.

The combined operations are expected to generate significant free cash flow for the company, Kingsrose told shareholders.

Additionally, the company is also pursuing a multi-pronged exploration campaign at Way Linggo, targeting several highly promising prospects within the wider project area.

Edited by Creamer Media Reporter

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

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