Potential operating cost reductions flagged at Lindi Jumbo
PERTH (miningweekly.com) – Graphite developer Walkabout Resources on Friday reported that a new three-year mine plan at its Lindi Jumbo mine, in Tanzania, had resulted in an expected 42.2% reduction in waste rock mining and a 23.5% reduction in total mined tonnes.
The company told shareholders that the significant reduction in waste rock and total tonnes mined had the potential to reduce operating costs at Lindi Jumbo, even at the current increased unit costs that resulted from higher inflation, increased fuel prices and ancillary mining costs.
Construction at the project is progressing apace, with nearly all of the mechanical equipment previously delivered to the site having been erected. The tailing storage facility is about 68% complete, and more than 19 000 t of high-grade ore have been stockpiled.
“The arrival in Tanzania of the remaining mechanical equipment further de-risks the completion of the Lindi Jumbo construction. The interim funding measures have been critical in delivering this result. We are excited at the progress achieved to date and what is expected over the coming few months,” said Walkabout CEO Andrew Cunningham.
The Lindi Jumbo project will produce 40 000 t/y of graphite over a mine life of 24 years.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation