Finland’s Outotec has agreed to design and deliver a new manganese plant for South Africa’s Kalagadi Manganese Pty Ltd. The plant will be built in Hotazel in South Africa’s Northern Cape Province in a contract worth EUR 119 million. The plant will be commissioned by March 2012.
Outotec is responsible for the delivery of the sinter plant on a turnkey basis including engineering, project management, supply of all equipment and structural steel, construction, commissioning as well as advisory services for civil works. The new plant will ultimately produce 2.4 million tonnes of sinter annually.
Kalagadi Manganese is 50-percent owned by ArcelorMittal, 40 per cent by Kalagadi Resources owns 40 percent with IDC owning the remaining 10 percent.
"Kalagadi's new plant will be one of the world's largest manganese sinter plants. This significant order once again demonstrates our ability to deliver total process solutions to customers - from the test work with raw materials to defining the optimal process and technology, plant engineering, as well as equipment supplies and services, not to mention taking full responsibility of the project and performance guarantees," said Outotec's President and CEO, Pertti Korhonen.
Earlier this month Outotec signed a EUR 116 million deal with Chile’s Codelco for the design and delivery of a copper concentrate roasting plant, gas cleaning system and sulfuric acid plant for its new Mina Ministro Hales mine near Calama, Northern Chile.
Showing posts with label finland. Show all posts
Showing posts with label finland. Show all posts
Monday, March 8, 2010
Wednesday, February 10, 2010
Talvivaara To Investigate Uranium Recovery
Finnish nickel mining company Talvivaara is to investigate the recovery of uranium as a separate product from its ore body
Talvivaara is to investigate the recovery of uranium as a separate product from its ore body in a project costing approximately EUR 30 million.
Talvivaara Mining Company Plc is planning to initiate the recovery and exploitation of uranium, obtained as a by-product of other metals, in the form of a uranium intermediate, yellow cake.
Natural uranium is a commonly occurring element which is also present in low concentrations in the Talvivaara ore body.
The Company plans to recover the uranium from its main leaching process by using a safe and technically simple solvent extraction process which is widely applied to metals recovery. This process modification will not alter discharge levels or other environmental impacts of the operations,
The bedrock and nickel ore in the Talvivaara area naturally contain uranium although surveys conducted by the Geological Survey of Finland have not revealed any abnormal radiation levels.
Annual production costs are estimated at approximately EUR 2 million and the annual production volume is estimated at approximately 350 tonnes. The extraction plant is expected to employ around 20 people directly and some 50 people indirectly.
The uranium oxide generated in the solvent extraction process will be packaged in airtight steel containers and transported for further processing, subject to appropriate supervision.
Talvivaara is to investigate the recovery of uranium as a separate product from its ore body in a project costing approximately EUR 30 million.
Talvivaara Mining Company Plc is planning to initiate the recovery and exploitation of uranium, obtained as a by-product of other metals, in the form of a uranium intermediate, yellow cake.
Natural uranium is a commonly occurring element which is also present in low concentrations in the Talvivaara ore body.
The Company plans to recover the uranium from its main leaching process by using a safe and technically simple solvent extraction process which is widely applied to metals recovery. This process modification will not alter discharge levels or other environmental impacts of the operations,
The bedrock and nickel ore in the Talvivaara area naturally contain uranium although surveys conducted by the Geological Survey of Finland have not revealed any abnormal radiation levels.
Annual production costs are estimated at approximately EUR 2 million and the annual production volume is estimated at approximately 350 tonnes. The extraction plant is expected to employ around 20 people directly and some 50 people indirectly.
The uranium oxide generated in the solvent extraction process will be packaged in airtight steel containers and transported for further processing, subject to appropriate supervision.
Wednesday, February 3, 2010
Ruukki To Expand Into SA Mining
Finnish ferrochrome producer Ruukki Group expects to expand into mining in South Africa in 2011 to supply ore for its Mogale Alloys smelting operations.
. “We expect to acquire the prospecting rights this year and starting mining operation in 2011,” CEO Alwyn Smit said on the sidelines of the Mining Indaba in Cape Town on Wednesday. “We are looking at ore deposits with relatively easy access to chrome ore,” he added.
. “We expect to acquire the prospecting rights this year and starting mining operation in 2011,” CEO Alwyn Smit said on the sidelines of the Mining Indaba in Cape Town on Wednesday. “We are looking at ore deposits with relatively easy access to chrome ore,” he added.
Wednesday, January 20, 2010
Kemi Chrome Ore Mine Could Be Bigger Than Thought
Outokumpu's Kemi mine has more mineral resources than originally thought and could be mined for hundreds of years at double the planned annual production volumes, the firm said on Tuesday.
"We have ready plans and preparedness to extend the mining operations and to double the ferrochrome production if so decided," Outokumpu CE Juha Rantanen said in a statement.
"The reassessment of our investment decision depends on the economic outlook and market situation as well as on the energy question, as the production of ferrochrome consumes high amounts of electricity," he said.
Outokumpu said based on recent seismic research Kemi's chrome ore deposits extend to the depth of 2-3 kilometres, or even 4 kilometres, while it is possible the chromitite layer extends to at least 2-2.5 kilometres or even deeper.
The Kemi mine is the only chromium mine in the European Union area. It produces chromite concentrates used as raw material in Outokumpu's ferrochrome smelter in Tornio, and has an annual output of about 1,3-million tons of ore.
Source: Mining Weekly
"We have ready plans and preparedness to extend the mining operations and to double the ferrochrome production if so decided," Outokumpu CE Juha Rantanen said in a statement.
"The reassessment of our investment decision depends on the economic outlook and market situation as well as on the energy question, as the production of ferrochrome consumes high amounts of electricity," he said.
Outokumpu said based on recent seismic research Kemi's chrome ore deposits extend to the depth of 2-3 kilometres, or even 4 kilometres, while it is possible the chromitite layer extends to at least 2-2.5 kilometres or even deeper.
The Kemi mine is the only chromium mine in the European Union area. It produces chromite concentrates used as raw material in Outokumpu's ferrochrome smelter in Tornio, and has an annual output of about 1,3-million tons of ore.
Source: Mining Weekly
Tuesday, November 17, 2009
Vulcan Buys Finland Plant
Perth explorer Vulcan Resources has fast-tracked its path to production, buying a large copper and nickel processing plant near its Finland tenements.
Vulcan, which is in the middle of a corporate merge with Universal Resources, said it had bought the plant from the bankruptcy estate of a Finnish subsidiary of Canadian miner, Belvedere Resources.
The plant has the capacity of 350,000 tonnes a year though can be upgraded to 600,000 tpa. It is 45km from Vulcan's Kylylahti deposit. Vulcan reported that the plant was on care and maintenance and estimated the cost to refurbish and upgrade at about $10 million.
Vulcan also bought an additional 3.3 million tonnes of copper-nickel-cobalt resources in the Kylylahti area, bring its total resource in the area to 15.6 million tonnes.
Vulcan managing director Dr Alistair Cowden said the purchase of the plant was a ``cornerstone asset'' to build on after the company's merger with Universal.
``The possession of built and permitted processing infrastructure is an important step in the path to development and towards our aim of building a mid-tier base metal miner.'' he said.
The move also gives Vulcan: A processing plant; an 8.1 million tonne copper-nickel-cobalt deposit that has a completed feasibility study; a 3.2 million tonne nickel-copper-cobalt resource; three more deposits with 35km of the plant; and exploration targets in two further nickel-copper deposits.
The company said it will now review and update its feasibility study for the Kylylahti project to incorporate the plant. It aims to make a development decision before mid-2010.
Source: Perth Now
Vulcan, which is in the middle of a corporate merge with Universal Resources, said it had bought the plant from the bankruptcy estate of a Finnish subsidiary of Canadian miner, Belvedere Resources.
The plant has the capacity of 350,000 tonnes a year though can be upgraded to 600,000 tpa. It is 45km from Vulcan's Kylylahti deposit. Vulcan reported that the plant was on care and maintenance and estimated the cost to refurbish and upgrade at about $10 million.
Vulcan also bought an additional 3.3 million tonnes of copper-nickel-cobalt resources in the Kylylahti area, bring its total resource in the area to 15.6 million tonnes.
Vulcan managing director Dr Alistair Cowden said the purchase of the plant was a ``cornerstone asset'' to build on after the company's merger with Universal.
``The possession of built and permitted processing infrastructure is an important step in the path to development and towards our aim of building a mid-tier base metal miner.'' he said.
The move also gives Vulcan: A processing plant; an 8.1 million tonne copper-nickel-cobalt deposit that has a completed feasibility study; a 3.2 million tonne nickel-copper-cobalt resource; three more deposits with 35km of the plant; and exploration targets in two further nickel-copper deposits.
The company said it will now review and update its feasibility study for the Kylylahti project to incorporate the plant. It aims to make a development decision before mid-2010.
Source: Perth Now
Sunday, November 15, 2009
Outokumpu Sees No Rise In Nickel Prices
Finnish stainless steel maker Outokumpu has said that nickel prices are unlikely to rise strongly in the next two years because of weak fundamentals.
Mr Karri Kaitue, deputy CEO of Outokumpu, said that current London inventory levels, at their highest in about 15 years, highlight the difficulties still facing the industry.
He added that "We don't see any reason why the nickel price would dramatically increase. If we are solely basing everything on supply and demand analysis, during the next couple of years there shouldn't be a tremendous pressure for the nickel prices to be on an increasing trend."
Mr Kaitue said that the firm's ferrochrome Tornio plant went back into production at the end of September after being idled for 6 months. He added that "The actual amount of job losses is about 50 people, some of which will be offered to relocate. We are moving some of the production lines to another facility in Finland."
Mr Karri Kaitue, deputy CEO of Outokumpu, said that current London inventory levels, at their highest in about 15 years, highlight the difficulties still facing the industry.
He added that "We don't see any reason why the nickel price would dramatically increase. If we are solely basing everything on supply and demand analysis, during the next couple of years there shouldn't be a tremendous pressure for the nickel prices to be on an increasing trend."
Mr Kaitue said that the firm's ferrochrome Tornio plant went back into production at the end of September after being idled for 6 months. He added that "The actual amount of job losses is about 50 people, some of which will be offered to relocate. We are moving some of the production lines to another facility in Finland."
Monday, May 25, 2009
Ruuki Buys Controlling Stake In Mogale Alloys
Ruukki South Africa, the South African subsidiary of Finnish industrial refining group Ruukki, has acquired an 84,9% stake in Mogale Alloys, in Krugersdorp, from JSE-listed commodities trading company Metmar for about R2-billion, it announced on Monday.
The subsidiary was planning to make further investments in South African minerals and metals operations, it noted in a statement, adding that it was particularly interested in minerals and alloys, with a focus on chrome and platinum processing.
The group, which was listed on the NasdaqOMX Helsinki, was also planning to make a secondary listing on the JSE during 2010, following the acquisition of South African interests, it said in a statement.
Black economic-empowerment partners would own the balance of Ruukki SA, which has been headed by CEO Alwyn Smit since 2008.
Of the purchase amount, R1,2-billion was payable immediately, with R1,125-billion going to the vendors and a further R75-million being paid into the Mogale Management Trust over five years.
The remaining R800-million would be financed by the vendors with R200-million to be repaid after a year and R600-million to be repaid over the next five years.
Mogale has four smelting furnaces and produces silico manganese, ferrochrome and stainless steel alloy, with a combined capacity of 100 000 t/y.
Smit said the Mogale acquisition was an ideal opportunity for Ruukki, both as a ferrochrome operation and as a base from which Ruukki could expand into platinum and other metals processing.
“As demand recovers, ferrochrome market prices are expected to outperform other minerals, owing to limited supply and growing demand. The Mogale transaction expands and diversifies Ruukki’s current Turkish and German minerals capabilities of special grade ferrochrome, and gives opportunities to utilise existing sales channels,” he commented.
Source: Mining Weekly
The subsidiary was planning to make further investments in South African minerals and metals operations, it noted in a statement, adding that it was particularly interested in minerals and alloys, with a focus on chrome and platinum processing.
The group, which was listed on the NasdaqOMX Helsinki, was also planning to make a secondary listing on the JSE during 2010, following the acquisition of South African interests, it said in a statement.
Black economic-empowerment partners would own the balance of Ruukki SA, which has been headed by CEO Alwyn Smit since 2008.
Of the purchase amount, R1,2-billion was payable immediately, with R1,125-billion going to the vendors and a further R75-million being paid into the Mogale Management Trust over five years.
The remaining R800-million would be financed by the vendors with R200-million to be repaid after a year and R600-million to be repaid over the next five years.
Mogale has four smelting furnaces and produces silico manganese, ferrochrome and stainless steel alloy, with a combined capacity of 100 000 t/y.
Smit said the Mogale acquisition was an ideal opportunity for Ruukki, both as a ferrochrome operation and as a base from which Ruukki could expand into platinum and other metals processing.
“As demand recovers, ferrochrome market prices are expected to outperform other minerals, owing to limited supply and growing demand. The Mogale transaction expands and diversifies Ruukki’s current Turkish and German minerals capabilities of special grade ferrochrome, and gives opportunities to utilise existing sales channels,” he commented.
Source: Mining Weekly
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