https://www.miningweekly.com

Xtract concludes new mining contractor agreement for Manica

8th February 2018

By: Anine Kilian

Contributing Editor Online

     

Font size: - +

JOHANNESBURG (miningweekly.com) – Aim-listed Xtract Resources’ wholly-owned Mozambican subsidiary Explorator Limitada has concluded a new mining contractor agreement with Omnia for the exploitation of alluvial gold deposits at its Manica mining concession in Mozambique.

The agreement with Omnia allows the O block of the western area to be fed into Omnia's sophisticated alluvial processing plant, which is situated adjacent thereto.

“The overall effect will be to move more alluvials and, thus, shorten the time to about six years for total depletion of the western gravels," CEO Colin Bird said in a statement on Thursday.

The agreement will be effective for ten years, or sooner, if the alluvials are depleted.

The agreement includes performance targets with the contractor obligated to have a fully operational plant with a mining capacity 100 t/h in place by March.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

The functionality 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