African Mining March 2020 | Page 7

PROJECTS AND EXPLORATION  NEW SECTIONS FOR ALEXANDER • Location: South Africa • Phase: Feasibility • Mineral: Coal Johannesburg-based Gibb Mining has been awarded the tender to complete a feasibility study for Sasol Mining’s Alexander project, which seeks to deploy production sections within the Alexander coal blocks in Mpumalanga by 2025. This forms part of Sasol Mining’s plan to fulfil their 2050 mandate to supply coal to the Secunda Synfuels Operations. The project is an underground operation, expected to yield between six and eight million tonnes of coal per year, depending on the mining method selected. Consulting engineering firm Jones and Wagener will conduct the environmental portion of the feasibility study for the Alexander project, while Gibb will be responsible for all geotechnical and geohydrological aspects, with Jones and Wagener acting as sub-consultants. VMR’’s Tau Lekoa mine in the Northwest province of South Africa. Gibb will also look at the mine design and associated planning, specifically access to the coal reserve via a box cut and its tie-in to Sasol Mining’s overall long-term Complex plan. There are three coal blocks to be mined: Blocks 2, 3 and 4. brought about primarily by circumstances leading to the postponement in December 2019 of the Hong Kong Stock Exchange (HKEx) listing of its parent company in Hong Kong, Heaven Sent Gold. A lot of geotechnical-analysis work is required to ensure that when mining takes place, the selected mining methods do not impact wetlands and watercourses negatively. According to Dong the postponement is largely attributable to the mined volume and recovered grade being below expectation at both VMR’s Tau Lekoa and Kopanang underground gold mines, resulting in lower than expected gold production. “In addition, the negative impact on production, revenue and operating profit of unprecedented and unexpected stage six load-shedding by power utility Eskom early in December and four seismicity-related fatalities at Tau Lekoa, also in December 2019, adversely affected the company’s performance. In addition to the mine design, Gibb will also be responsible for the materials handling system design and all supporting infrastructure, which includes offices, buildings, workshops, a 20km mine access road, as well as the supply of bulk water and bulk power to the mine. Gibb is currently working on the feasibility engineering designs. Once these are finalised and accepted by Sasol, the company will compile a capital cost estimate based on the design – all of which will be incorporated into a feasibility study report for issue to Sasol by the end of July 2020. The mine must be commissioned by 2025. The designs will need to consider all environmental constraints, as well as to incorporate new technological developments that will bring efficiencies to the project and the mine operation, in terms of cost, safety and water and energy efficiency. All stakeholders, including the Department of Mineral Resources, representatives of organised labour and employees, Dong says, have been briefed on the current challenges and have been engaged on the company’s measures addressing these. VMR HEADWINDS • Location: South Africa • Phase: Production • Mineral: Gold The new CEO of VMR Group, Jeff Dong, confirms that the company, which operates underground gold mining and surface retreatment operations in South Africa’s North West province, experienced operating and financial constraints www. africanmining.co.za Dong confirmed that to date an investment of R2.2-billion has been made in the group by the Heaven Sent Capital Group from China. “Despite the postponed listing and challenging operating environment, we made the decision to continue to invest and support the VMR Group. Accordingly, we committed to a much more active operational involvement in the business, with new senior appointments, both in our underground and surface businesses during January 2020, and I am pleased to confirm that we have already seen improved performance in our operations,” says Dong. African Mining Publication “Provided that these positive results continue, and with the co-operation of all stakeholders in delivering the envisaged improvements in safety, production and costs – and thus in revenue and a return to profit – restructuring of the company’s operations, and possible job reductions, may be avoided. We plan to build from the successful turnaround of the VMR Group and expand our business, and to revisit a future listing,” Dong concludes. African Mining African Mining  March 2020  5