Shaft Sinking Begins at Ivanhoe’s Platreef Project
Sinking of Shaft 1 is now progressing at rate of 1.8 m/d, targeting an initial depth of 107 m below surface, at which point the main sinking phase will begin. The main sinking phase is planned to advance at an average rate of 2.7 m/d until it reaches a final depth of 1,025 m below surface in 2018.
Aveng Mining holds the Shaft 1 shaft-sinking contract, including development of two main stations at depths of 450 m and 750 m below surface. Sinking is scheduled to reach the Flatreef deposit at a depth of 777 m during the third quarter of 2017. Mining areas proposed in the current prefeasibility study occur at depths ranging from approximately 700 m to 1,200 m below surface.
Mining is planned in three phases: 1) an initial mining rate of 4 million mt/y to establish an operating platform to support future expansions; 2) a doubling of production to 8 million mt/y; and 3) a final expansion to steady-state production of 12 million mt/y.
Mining methods will include long-hole stoping and drift-and-fill mining. Minedout areas within the deposit will be backfilled with a paste mixture utilizing tailings from the process plant and cement. Ore will be hauled from the stopes to a series of ore passes that will connect to the main haulage level to Shaft 2. Ivanhoe Mines owns 64% of the Platreef project through a subsidiary, Ivanplats, and is directing all mine development work.
PEA Backs Kipushi Redevelopment: In other news from Ivanhoe, the company has reported the results of a positive preliminary economic assessment (PEA) for redevelopment of the Kipushi zinc-copper mine 30 km southwest of the provincial capital of Lubumbashi in southeast Democratic Republic of Congo (DRC). The Kipushi mine produced approximately 60 million mt of ore grading 11% zinc and 7% copper between 1924 and 1993. Ivanhoe acquired its 68% interest in the mine in November 2011. The balance is held by the DRC’s state-owned mining company, Gécamines.
The redevelopment PEA focuses on mining of Kipushi’s Big Zinc zone to produce an average of 530,000 mt/y of zinc concentrate over a 10-year mine life at a concentrate grade of 53% zinc. Total preproduction capital costs to redevelop the mine are estimated at $409 million. Life-of-mine average cash cost of production is estimated at $0.54/lb of zinc.
Existing underground infrastructure at Kipushi includes a series of vertical mine shafts to various depths, with associated head frames. The newest shaft, No. 5, is 8 m in diameter and 1,240 m deep. The PEA assumes this shaft will be recommissioned as the main production shaft, providing primary access to the lower levels of the mine through an existing haulage level 1,150 m below surface.
Kipushi’s Big Zinc zone has an estimated 10.2 million mt of measured and indicated mineral resources grading 34.9% zinc. Successful restoration to production would make Kipushi the world’s highest-grade major zinc mine.