Accommodation for Tsumeb copper smelter’s new acid plant in Namibia

Canadian mining company, Dundee Precious Metalshas started construction of a N$2.3 billion acid plant, which will eliminate the sulphur dioxide emissions at the it’s Tsumeb copper smelter.

The plant will also create a viable by-product, sulphuric acid, that could be sold to other mines operating inNamibia.

Kwikspace Modular Buildings, in partnership withPupkewitz Megatech, has been contracted to provide six office space units (54 square metres each in size) for the inception phase. This R2 million project has a turnaround time of only four weeks, with completion at the end of July 2013, and provides valuable space for key decision makers working at the mine.  Kwikspace office units are loaded onto trucks from Cape Town and transported 2000 km to Tsumeb where they are offloaded and commissioned within three hours.

The smelter is one of only a few in the world which is able to treat arsenic and lead bearing copper concentrates and is a major custom smelter with brown-fields expansion potential.

“This project and the previous ones on the smelter, has showcased our ability and professionalism to partner with major industry role players.  Kwikspace’s quick turnaround time and quality of product and service has ensured that we are the partner of choice for the mining industry,” says Leon Du Plessis, Kwikspace regional sales manager, Western Cape.

Ralated Article: 1.3 billion ton Mmamantswe coal acquisition completed

Aviva Corporation shareholders have voted in favour of selling the 1.3 billion tonne Mmamantswe coal projectto African Energy Resources.

African Energy has been informed and the sale will be for a cash consideration of AUD $3.5M. This satisfies the final condition precedent to the Mmamantsweproject acquisition by African Energy.

The Sentient Executive GP IV, Limited, acting forSentient Global Resources Fund IV, L.P. will now subscribe for a further AUD $3.5M of African Energy shares at AUD 12c per share.

Sentient will also receive an additional 3,541667 shares in African Energy as a Placement Fee on its entire AUD $8.5m investment (comprising the first tranche investment of AUD $5M in May plus this second tranche of $3.5m).

On completion of these transactions, African Energy will have secured the full rights to 3.8 billion tonnes of coal in Botswana and maintained its working capital at approximately $6M.

At conclusion, Sentient will own approximately 17.4% of the issued shares in African Energy and will be the single largest shareholder.

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