Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
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The fine chrome operation, which is currently part of the Dilokong Chrome Mine (DCM) joint venture with Sinosteel and Samancor, is paused with no plans to reopen, the AIM-listed company said.
Jubilee noted that moving the fine chrome facility to its larger Inyoni and Windsor chrome sites, both of which are still operational, would enable it to contribute more significantly to earnings.
https://www proactive investors Co uk/companies/amp/news/919942
Add the. in and away you go.
I do feel that we need to take charge of our own destiny again and smelt our own PGM's perhaps a JV with SLP for our own smelters or buy back Middelberg and do our own PGM smelting, even without the conroast.
Is there any reference anywhere to find out what happens to Jlp waste/ tailings after they produce the copper concentrate. If they're only obtaining 10-11% copper that leaves a fair amount of tailings/waste , will there be a new tailings dam needed.
It is a big cost item.
Kaiser, I am not aware the fine chrome plant has been built yet at Windsor. The existing one is being transferred from DCM to Inyoni, presumably because we own 100% of the chrome rights at that site, so it will be more profitable based there. I would anticipate a fine chrome plant eventually being built at Windsor but not until some improvement in chrome prices is on the horizon.
At present the Windsor PGM project relies on the PGM processing capability at Northam. No idea how long that arrangement is contracted for, but we lose 40% of the earnings and pay to transport the ore feeding Northam’s share from Windsor to Northams PGMs plant. This is why Leon indicated his desire to build a significant extension to the existing PGM plant at Inyoni, so once our contractual commitment is met, Jubilee take over all the PGM processing of upgraded material from Wiindsor. This is pure speculation but I think this extension might be built sooner than expected as we need to find a home for processing the DCM upgraded material. Leon admitted that economically it would be feasible to transport this material to Inyoni.
In the previous LC interview he spoke of expanding Windsor capacity or in his words "upgrading the capacity very soon". No mention was made of the volumes but looking at the WH Ireland broker note there is a considerable increase in Chrome throughput coming on stream over the next 2 year.
He also spoke about absorbing Windsor PGM into Inyoni within 2-3 years since Inyoni processing cost / Oz is 24% lower than Windsors.
On the RNS today I like very much like it - not because it really offers anything that was not known from a likely projects & timescale perspective but because it adds some meat onto the bone in terms of Gross Profit and clarifies how Sable's capacity will be expanded.
Jammer,
You have to wonder if we should or can expand Windsor to allow for more 3rd party tailings or ROM to be processed? I only ask as ecomony of scale gives us a pretty good effort, we have everything in place already and the fine chrome plant will be in place too.
Thoughts mate?
Very interesting interview. Project Roan will utilise all of the current remaining capacity at Sable Refinery and when fully implemented (within 12 months) refinery will be producing 14-15K tonnes of copper cathode p.a. The copper concentrate grade being fed into the refinery will be 10/12%. To expand the copper cathode output and make room for Project Elephant they will need to further upgrade the copper concentrate being fed into the refinery to 15/17% grade.At this grade the refinery will produce the target 25K tonnes of copper cathode p.a. So the extra capital expenditure at the refinery in about 18 months time will solely be the for the new plant to further upgrade the copper concentrate to 15/17%, hence why Leon has indicated a relatively low amount of capital required for the expansion in output.
A further throw away line in the interview was that the 3rd party chrome feed means the South Africa chrome plants will be operating at full capacity for the next 3 years. The only plant that is taking 3rd party feed is Windsor I believe. Another RNS shortly about who will be supplying such a large 3rd party feed and on what terms, especially our cut of the subsequent PGMs?