Monday, August 31, 2009
JOHANNESBURG Ireland-based Kenmare possessions, which owns the Moma titanium minerals mine in Mozambique, is on goal for full manufacture before the end of the year, chairperson Charles Carvill said on Monday.He reported that a presentation improvement project at Moma was virtually finished, noting that it had contribute to a steady increase in output.
In the second sector of 2009, manufacture of heavy mineral concentrate increased by 23% from the first quarter, ilmenite output rose by 12,2%, zircon manufacture jumped 45%, while rutile output surged 158%.The Moma mine will manufacture 800 000 t of ilmenite, 21 000 t of rutile and 56 000 t of zircon when it reaches full production.The Mozambique mine has been inundated by difficulties, such as cyclone damage and faulty equipment, since its inception more than two years ago.
Kenmare said that the industry wide destocking of titanium, which occur in the first quarter, had abated in the second sector, with a subsequent increase in shipments from the Moma port.Meanwhile, the Dublin-based corporation reported that it had acquire an additional trans-shipment vessel and tug in August, which would provide loadout capacity beyond the envisaged production rate, as well as reducing operational risk. Up and till now, the mining set had relied on one trans-shipment vessel, the Bronagh J.
In the second sector of 2009, manufacture of heavy mineral concentrate increased by 23% from the first quarter, ilmenite output rose by 12,2%, zircon manufacture jumped 45%, while rutile output surged 158%.The Moma mine will manufacture 800 000 t of ilmenite, 21 000 t of rutile and 56 000 t of zircon when it reaches full production.The Mozambique mine has been inundated by difficulties, such as cyclone damage and faulty equipment, since its inception more than two years ago.
Kenmare said that the industry wide destocking of titanium, which occur in the first quarter, had abated in the second sector, with a subsequent increase in shipments from the Moma port.Meanwhile, the Dublin-based corporation reported that it had acquire an additional trans-shipment vessel and tug in August, which would provide loadout capacity beyond the envisaged production rate, as well as reducing operational risk. Up and till now, the mining set had relied on one trans-shipment vessel, the Bronagh J.
Labels: aluminium, surface mining, underground mining
posted by greatmining
@ 9:29 AM
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Friday, August 28, 2009
Construction group Basil Read thought that prospects for its mining operations have better as produce demand has picked up, presenting opportunities for the group's open cast mining operations. Basil Read said that there is an development in the number of tenders on the mining side.
He admit that enlarged commodities demand was not the result of a global economic recovery, but slightly because of factors related to
Analysts also thought this was the reason for Basil Read's move to consider a merger with TWP Holdings, a heavy building firm specialising in mining. Basil Read has indicated in the earlier period that it wanted to make acquisition in line with its strategy. It's a good instance to go into mining if you think the sector is going to pick up and they're both probably preparing for the upturn. Heyns said opportunity were opening up in Africa as miners look at new operations in Nigeria, Ghana and Tanzania, which could see Basil Read's projects touching to those areas.
Basil Read previously has open cast mining operations in
Labels: surface mining, underground mining
posted by greatmining
@ 9:35 AM
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