Sandpiper-Meob joint venture phosphate project, Namibia
Name and Location
Sandpiper-Meob joint venture phosphate project, Namibia.
Project Description
The Sandpiper Meob joint venture is an 8 000-km2 marine phosphate project.
The project has an estimated inferred resource of around 1,5-billion tons, at around 18,7% phosphate (P2O5), and an indicated resource estimate of 73,9-million tons, at 20,57% P2O5.
The P2O5 will be mined from the seabed off the coast of Namibia and transported to the Richards Bay terminal, in KwaZulu-Natal, where it will go through land-based processing.
Value
Not stated.
Duration
Minemakers is aiming to work on the feasibility study during 2010, and to go to production by 2011.
Client
The joint venture comprises Minemakers (42,5% through its takeover of Bonaparte Diamond Mines), Union Resources (42,5%) and Namibian partner Tungeni Investments (15%).
Key Contracts and Suppliers
None stated.
Latest Developments
Minemakers' scoping study for its Sandpaper-Meob phosphate project, off the coast of Namibia, is likely to be completed in the fourth quarter. In September/October 2009, Minemakers plans to recover vibracore samples and to carry out a further set of analyses as part of the scoping study and to identify the best subarea - in terms of sediment thickness, grade and water depth - for planning of the first phase of mining.
On Budget and on Time?
Not stated.
Contact Details for Project Information
Minemakers, tel +61 8 9264 700,
fax +61 8 9264 7099 or
email frontdesk@minemakers.com.au.
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