https://www.miningweekly.com
Mining|PROJECT|Refinery|Environmental
Mining|PROJECT|Refinery|Environmental
mining|project|refinery|environmental

Optimisation study yields strong support for Globe’s Malawi niobium project

6th February 2024

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

Australia-listed Globe Metals and Mining has achieved significantly improved economic and environmental outcomes from its Kanyika niobium project, in Malawi, through an optimisation study that provides strong support to advance the project towards financing and development.

The optimisation study determines that Kanyika, which has the potential to become the first new globally significant niobium mine in 50 years, has a pretax net present value (NPV) exceeding $1-billion and an internal rate of return (IRR) of 47.08%.

The NPV and IRR are on par with the results of the 2021 definitive feasibility study.

However, the optimisation study reduced the unit cost of niobium pentoxide and also lowered the upfront capital by introducing a two-phase development approach.

The initial phase will require $29-million to develop a 86 000 t/y run-of-mine operation, producing 1 760 t/y of concentrate for shipment to a planned refinery in Lilongwe.

Phase 2 will be a 1.5-million-tonne-a-year development, producing 17 700 t/y of concentrate. The Phase 2 refinery will also be built in Malawi.

The project’s average nameplate production capacity will be 3 267 t/y of niobium pentoxide and 136 t/y of tantalum pentoxide over the 27-year life.

“The extremely positive results of the Optimisation Study reflect the continuing upward trajectory of this exciting venture, and as the use of niobium soars, Globe is in the invidious position of being the most advanced new niobium producer in the world,” Globe CEO Grant Hudson says.

Edited by Creamer Media Reporter

Comments

Showroom

Showroom image
Alcohol Breathalysers

Supplier & Distributor of the Widest Range of Accurate & Easy-to-Use Alcohol Breathalysers

VISIT SHOWROOM 
Aqs image
AQS Liquid Transfer

AxFlow AQS Liquid Transfer (Pty) Ltd is an Importer and Distributor of Pumps in Southern Africa

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 10 May 2024
Magazine round up | 17 May 2024
17th May 2024

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







sq:0.187 0.223s - 144pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: