True Gold Announces Agreement to Purchase Mining Fleet for Karma Project
As pre-production become closer, True Gold Mining reveals plans of obtaining Komatsu equipment for its West African gold mine
Vancouver-based company, True Gold Mining Inc., has signed a letter of intent to purchase its primary mining fleet for the development of its Karma Project in Burkina Faso, West Africa. The company selected Equipment & Services BIA, a licensed dealer of Komatsu heavy equipment, as its supplier of choice for the mining fleet.
"The purchase of the mining fleet brings the Karma Project one step closer to production, and we believe that our choice of equipment, supplier and dealer is well matched to our project needs," stated Peter Carter, Chief Operating Officer and Vice President, Engineering of True Gold.
The fleet for pre-production and initial production will incorporate one 15 m3 excavator, one 10 m3 front-end loader, six 90t rigid-frame haul trucks, four 50t bulldozers and two 300 HP graders. Delivery of the fleet is scheduled for December 2014.
Once production of the Karma mine has commenced, the fleet will be amplified with a second primary excavator and eight additional trucks. Additional auxiliary equipment will be purchased to support the primary mining fleet, assisting in project construction, and aid in the operation of the mine. The Komatsu equipment is expected to achieve an average mining rate of roughly 14 million tons per year.
"Our owner-operated approach results in greater value to our shareholders as compared to contract mining and also provides us with increased flexibility to take full advantage of future exploration success."
Equipment & Services BIA was chosen based on price competitiveness, purchase terms and conditions, and its dealer presence in Burkina Faso. The locally-based dealer will support and provide spare parts, technical expertise, and training.
The Karma Project is a low-cost, open-pit heap leach gold mine in West Africa. The mine is expected to produce 97,000 oz of gold per year.
Read the full press release here.
Coal India Secures First-Of-Its-Kind Digital Deal
Coal India Limited (CIL) has appointed Accenture Solutions to digitally transform seven of its open-cast mines as the company strives to improve performance and increase coal production. Accenture is due to lay down digitalisation groundwork until March 2022.
The deal aims to increase coal production by 100 million tonnes (MT) by the end of FY’23. Once the minimum quantity has been surpassed, an agreed sum will be paid to the consultant for every additional sum of coal produced. This success fee will only be paid on the procurement of the minimum assured quantity.
The move will see heavy earth moving machinery (HEMM) fitted with digital sensors to monitor performance efficiency at all levels. Additionally, modern data analytic techniques aim to increase mine productivity and project monitoring through functional system management and effective observation.
An Exciting Venture For Global Mining
CIL, which aims to provide energy security in an environmentally and socially sustainable manner, hopes the move will help transform the entire business of mining operations and ensure higher volumes of coal are acquired at a lower cost.
“This is a first of its kind initiative by the company utilising digitalisation to ramp up coal output,” CIL has said.
A Digital Step Towards Enhanced Performance
Digitalisation is expected to take place at open-cast mines in Kusmunda, Gevra, Dipka of Southern Eastern Coalfields (SECL), Migahi, Jayant, Dudhichua, and Khadia of Northern Coalfields (NCL). Nearly 32% (188 MT) of CIL’s 596 MT output in FY’21 was accounted for by the seven selected mines. However, this new deal is set to see a large increase following the subsequent digital changes due to be made.
“Learning from the outcome and success of this model, we may replicate it in our other large mines,” says CIL, optimistic about the future following the modernisation of their mining.
It is expected that the move will help address roadblocks and guarantee corrective measures are put into place, ensuring the company is able to move forward with its aim of increasing output whilst remaining sustainable and eco-friendly.