True Gold Mining Delivers its Fresh Water Reservoir
True Gold, one of the top gold mining companies, is currently working on expanding their company growth by developing a low-cost, open-pit heap leach gold mine in Burkina Faso, West Africa called The Karma Project. Over the past year True Gold has been working to towards a production decision regarding this potential project and is excited to announce that on Monday May 12, 2014, it has successfully completed the construction of its most recent major water infrastructure for the proposed Karma Mine. Not only is the project completed, but it was done ahead of schedule and under budget.
The fresh water reservoir, also known as a barrage, was a two phase project located off the Nkambe River, four kilometers south of the proposed Karma Mine. The first phase consisted of a dam which was one meter in height and sufficient capacity to be able to provide for the mine. The second phase involved increasing the height and storage capacity of the reservoir basin to a volume that it may support the proposed mine while still providing enough water for the local communities.
In its completion, the new barrage has the capability of providing a total of about 1.3 million cubic meters of water on a yearly basis which will meet the requirement of the mine. Excited by this new achievement, Dwayne Melrose, President & CEO of True Gold states that, "The completion of this major piece of infrastructure is a significant milestone in the mine development process, as it mitigates water-related project risks as we gear up to begin construction of Burkina Faso's next gold mine.” This fresh water reservoir will be critical for providing water for mine construction and operational needs in the area. What makes the barrage even more impressive and valuable is that it will be providing a year-round water source to the local communities in addition to the mining operations. Melrose is proud to report that "the construction of the barrage ahead of schedule and under budget is a testament to our integrated team's ability to deliver project results as planned in the field." There is no doubt that True Gold is going above and beyond to produce the infrastructure and environmental needs for the Karma Project to be commenced. The company is eager to continue its growth and leach gold production in West Africa which is why this fresh water reservoir is a key component.
In efforts to preserve the maximum amount of water possible to provide for the city and mine alike, the barrage will pump water to storage ponds during the rainy months so that it may be used for plant processing, irrigation and other mining construction purposes.
Vale invests $150mn to extend life of Manitoba operations
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.