Aug 10, 2020

Jubilee Metals signs JV as part of Zambia expansion

metals
joint venture
Dan Weatherley
2 min
Zambia Mining
Jubilee Metals has signed a copper processing agreement with an undisclosed private Zambian company as part of its expansion...

Jubilee Metals has signed a copper processing agreement with an undisclosed private Zambian company as part of its expansion. 

Thanks to the joint venture agreement, the company will gain the ability to process two-million tonnes (Mt) of copper run-of-mine (RoM) material.

The agreement will also spark an increase in the supply of copper ore, reaching approximately four-million tonnes.

The company would target these levels of “near-term production” by utilising a new copper concentrate processing facility in the nation.

Jubilee Metals has said that the forthcoming facility will be commissioned in more than one phase, will be constructed on a brownfield site adjacent to the tailings.

It is anticipated to take around four months for the first copper concentrate to be produced by the facility. 

Leon Coetzer, CEO of Jubilee Metals, said: “This JV Agreement offers tremendous earnings potential for Jubilee.”

“The project has been a key target for Jubilee to drive the ramp-up in our copper production while we are implementing our previously announced Project Elephant.

“This transaction complements the already secured large copper resource and will provide us with earnings in the near term.

“The combination of easily accessible large surface resources, together with a fully operational copper refinery, offers us the potential to replicate, at a larger scale, the success Jubilee is achieving with its PGM and Chrome operations in South Africa.

“For Jubilee to have entered into this JV Agreement so soon after announcing Project Elephant is testament to a period of intensive work by our team and I would like to thank everyone for their efforts.”

In September last year, the company completed its previous joint venture with platinum group metals, with the creation of a recovery plant for PGM’s South African operations.

About Jubilee Metals

The company and group has operations across several southern counties of Africa, and targets places as far is Europe, North and South America, and Australia, amongst other areas. 

It is an industry-leading metal recovery business which has an eye for the treatment and recovery of the following: mine tailings, waste, slag, slurry and other secondary materials generated from mining operations.

The company’s strategy is clear: it aims to secure “low capital intensive, long-term commodity production from mine surface waste materials with reduced risk and capital outlay when compared to traditional mining techniques”.

Learn more on the official website, which can be found here.

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Jun 29, 2021

Vale invests $150mn to extend life of Manitoba operations

Vale
Nickel
Manitoba
battery metals
2 min
Vale’s $150mn investment in operations at Thompson, Manitoba will extend mine life by 10 years

Vale has announced a $150mn CAD investment to extend current mining activities in Thompson, Manitoba by 10 years while aggressive exploration drilling of known orebodies holds the promise of mining well past 2040.

Global energy transition is boosting the market for nickel

The Thompson Mine Expansion is a two-phase project. The announcement represents Phase 1 and includes critical infrastructure such as new ventilation raises and fans, increased backfill capacity and additional power distribution. The changes are forecast to improve current production by 30%.

“This is the largest single investment we have made in our Thompson operations in the past two decades,” said Mark Travers, Executive Vice-President for Base Metals with Vale. “It is significant news for our employees, for the Thompson community and for the Province of Manitoba.

“The global movement to electric vehicles, renewable energies and carbon reduction has shone a welcome spotlight on nickel – positioning the metal we mine as a key contributor to a greener future and boosting world demand. We are proud that Thompson can be part of that future and part of the low carbon solution.”

Vale continues drilling program at Manitoba

Coupled with today’s announcement, Vale is continuing an extensive drilling program to further define known orebodies and search for new mineralization.

“This $150mn investment is just one part of our ambitious Thompson turnaround story. It is an indicator of our confidence in a long future for the Thompson operations,” added Dino Otranto, Chief Operating Officer for Vale’s North Atlantic Base Metals operations.

“Active collaboration between our design team, technical services, USW Local 6166, and our entire Thompson workforce has delivered a safe, efficient and fit-for-purpose plan that will enable us to extract the Thompson nickel resources for many years to come.”

The Thompson orebody was first discovered in 1956 by Vale (then known as Inco) following the adoption of new exploration technology and the largest exploration program to-date in the company’s history.  Mining of the Thompson orebody began in 1961.

“We see the lighting of a path forward to a sustainable and prosperous future for Vale Base Metals in Manitoba,” said Gary Annett, General Manager of Vale’s Manitoba Operations.

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