Name of the Project
Darwendale platinum group metals (PGMs) project.

Location
Great Dyke, Zimbabwe.

Client
Great Dyke Investments (GDI), a joint venture between Russian and Zimbabwe companies – JSC Afromet and Peneast Mining Company.

Project Description
The project entails the construction of a PGMs mine and processing plant.

Envisaged is the gradual construction of mining, concentrating and smelting facilities, with all related infrastructure, in three stages.

The project will process up to ten-million tons of ore a year to eventually produce up to 855 000 oz/y of PGMs and gold.

The Darwendale deposit has total mineable resources estimated at 1 300 t of PGMs.

Potential Job Creation
The project, once at full capacity, will create up to 8 000 highly skilled jobs.

Net Present Value/Internal Rate of Return
Not stated.

Value
According to GDI’s estimates, the first phase of the project will cost an estimated $400-million to implement.

Duration
Construction is expected to take two years to complete.

Latest Developments
GDI will select a general contractor for the construction of the mine and processing plant.

Meanwhile, an industrial yard and infrastructure for initial mine development have been built, including a 6-km-long road, a modern core storage facility compliant with international standards, a modern accommodation camp and more than 2 000 m2 of residential and office premises.

Key Contracts and Suppliers
DRA (bankable feasibility study); Loesche, MSA Group, TOMS Institute and Metallicon (engineering and process design); PwC and SFA Oxford (analytical support); Cresco Project Finance and EY (financial advisers).

On Budget and on Time?
Not stated.

Contact Details for Project Information

Great Dyke Investments, fax +263 474 5237 or email info@greatdykeinvest.com.