Transport agreement secured at Tshipi Borwa
PERTH (miningweekly.com) – ASX-listed Jupiter Mines on Thursday announced that its Tshipi Borwa manganese mine, in South Africa, had secured a transport agreement with rail operator Transnet.
The contract made available two trains per week, along with a 50 000 storage capacity at the Port Elizabeth port. One additional train per week would also be provided at Transnet’s discretion.
Jupiter, which owns a 49.9% stake in the mine, said that the transport arrangements aligned with Tshipi Borwa’s ramp-up plans for 2013.
First ore at Tshipi Borwa was mined in October last year, and the project had to date loaded onto Transnet rail using the Tshipi rail siding, but using interim plant and loading arrangements. Three ore shipments had been made to date, with a total of 88 000 t sold since December.
Jupiter CEO Greg Durack said in a statement that having achieved the start-up target, the focus for the rest of 2013 was to complete the remaining construction activities and to optimise the current pit design in line with the project’s long-term mine and production plans.
A revised project schedule had shown a delay in construction completion from the first quarter of the year until the fourth quarter of the year, with the final cost some 10%, or $17-million higher than the original budget.
The Tshipi Borwa mine had been designed to produce 2.5-million tons a year of manganese ore grading at 37%, from an openpit resource of 163-million tons.
Jupiter owns the mine in a joint venture with the Ntsimbintle SPV, which includes various black economic-empowerment groupings, such as Safika Resources and Nkojane, while another Australia-listed mining company, OM Holdings, holds 26% of Ntsimbintle SPV.
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