Aim-listed Goldplat reports that diesel generators have arrived at its operations in South Africa, and that their commissioning will be finalised by the end of April.
The company points out that, during the third quarter of the current financial year, its operations have lost 6% of total operating hours available owing to electricity supply cuts and infrastructure related issues, lower than the time lost in the previous calendar year of more than 20%.
The generators have been procured at a cost of £800 000 and have been financed through a local South African bank and will be repaid over three years.
The generators will be used to reduce the operational time lost owing to electricity supply issues only if it is economically viable to do so. The company says this will be assessed on an ongoing basis.
"We are delighted to have received the generators on site and look forward to the finalisation of the commissioning of the generators. They will provide us with the ability to curtail the impact that electricity cuts have had on our operations as well as mitigate potential supply challenges in the future,” says Goldplat CEO Werner Klingenberg.