Black Mountain shaves costs in Uganda

20th March 2017 By: Esmarie Iannucci - Creamer Media Senior Deputy Editor: Australasia

PERTH (miningweekly.com) – ASX-listed Black Mountain Resources is expecting to save some A$1.3-million a year at its Namekara vermiculite mine, in Uganda, with the installation of an intermediate storage facility (ISF).

The company on Monday reported that it will spend some A$240 000 on the ISF, which will take three months to install, with payback to be achieved within two months.

“This capital spend delivers almost immediate benefits and improvements to the operations and operating cost base at Namekara. This means we can improve production levels and deliver greater output to our growing customer base,” said chairperson and CEO Julian Ford.

The ISF will be placed between the wet and dry plans, with the separation of the two plants expected to materially improve the overall processing plant’s effective operating time.

“The operating cost savings that we except to achieve from this capital expenditure is helping make Namekara a viable and competitive vermiculite supplier to the global market. This is our goal and we are delivering on that. These process improvements are just the start in the continuous process improvements we are rolling out at Namekara,” said Ford.