The miner said that the first plant is located on the border of Klyuchiki area and Bolshaya Sosnovka area to process the material mined from both these areas, while the second and the third plants are located on the border of Malaya Sosnovka and Bolshaya Sosnovka areas to process material mined from Bolshaya Sosnovka.
The electricity powerline project is progressing on schedule and the firm is comparing several options to acquire an electric dragline, which would significantly increase the mining capacity and to replace diesel with grid electricity for processing and ancillary activities.
This is part of the AIM-listed company’s effort to improve its ESG commitments.
Additional benefits of the electricity grid connection and the use of an electric dragline are substantial cost reductions in both mining and processing costs, it noted.
“The directors are pleased that we are consistently delivering on our promises in terms of our expansion plans, cost reduction and last, but not the least sustainability,” said chief executive and managing director James Nieuwenhuys.
“The electricity grid connection will further improve our ESG credentials and together with the three plants successfully launched will cement our position as a low-cost producer”.