Amur considering two production options for Kun-Manie
Russia-focused Amur Minerals has completed a prefeasibility study (PFS) for Kun-Manie, which has found the nickel/copper sulphide project to be technically and economically viable for two production scenarios.
The base case, which represents the quickest and lowest initial capital cost investment pathway to revenue generation, consists of the sale of concentrate to purchases based on typical nickel industry offtake net smelter return schedules. This is the toll smelt, or TS, option.
The TS option will require an initial capital investment of $570.4-million and returned a net present value (NPV), using a 10% discount, of $614.5-million, an internal rate of return (IRR) of 29.3% and a three-year payback period.
This option is projected to produce 24 306 t/y of payable nickel at an all-in sustaining cost of $9 890/t, or $4.49/lb.
The second option uses the same operational considerations as the TS option, but includes the addition of an electric furnace/flash (FFS) smelter at Amur’s Bam rail station. This owner-operated facility will treat sulphide concentrate generating a low-grade matte, which would be shipped to the Port of Vladivostok.
The FFS option includes consideration of typical intermediate nickel product offtake terms.
The FFS option requires an initial capital investment of $695-million and yielded a NPV of $987.4-million, an IRR of 34.7% and also a three-year payback period.
This option will produce an average 29 155 nickel-equivalent tonnes.
Kun-Manie has a mineral resource containing 155.1-million ore tonnes, comprising a nickel-equivalent grade of 1.02%, equating to 1.58-million equivalent tonnes of nickel.
It will require a three-year construction period and operate for 15 years. Production will derive from four openpits and one underground mining operation.
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