Freda Rebecca Phase 2 refurbishment programme, Zimbabwe
Name and Location
Freda Rebecca Phase 2 refurbishment programme, Zimbabwe.
Project Description
Mwana Africa completed its first gold pour from the Phase 1 refurbishment of the Fredda Rebecca mine in October 2009.
Phase 2 of the refurbishment programme is expected to increase output to more than 50 000 oz/y of gold. This will involve the rehabilitation of the second milling circuit and an increase in capacity of the underground mining equipment.
Value
Not stated. However, the Industrial Development Corporation of South Africa has approved the provision of up to $10-million debt funding for the Freda Rebecca mine. Funding will be made in two tranches. The first tranche, up to $4-million, will be applied to fund the remaining working capital requirements of Phase 1.
The remainder of the funding will be applied to the capital expenditure and working capital requirements of Phase 2.
Duration
The first phase of the refurbishment was completed in September 2009. The second phase of the refurbishments is scheduled for completion in September 2010.
Client
Mwana Africa.
Key Contracts and Suppliers
None stated.
Latest Developments
None stated.
On Budget and on Time?
Not stated.
Contact Details for Project Information
Mwana Africa, tel +27 11 883 9550/1 or fax +27 11 883 9511.
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