http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.83Change: -0.12
R/$ = 11.04Change: -0.17
Au 1172.85 $/ozChange: 3.68
Pt 1231.00 $/ozChange: -0.50
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Jun 10, 2005

Ambatovy nickel project

Back
Antananarivo|Engineering|Port|Slurry|Africa|Client Dynatek Corporation|Dynatec Corporation|Impala Platinum Holdings|Implats|Phelps Dodge Corporation|Platinum|PROJECT|Road|Africa|Madagascar|South Africa|USD|Mining|Steel|Infrastructure|Rail
Engineering|Port|Slurry|Africa|Platinum|PROJECT|Road|Africa|||Mining|Steel|Infrastructure|Rail
antananarivo|engineering|port|slurry|africa-company|client-dynatek-corporation|dynatec-corporation|impala-platinum-holdings|implats|phelps-dodge-corporation|platinum|project|road|africa|madagascar|south-africa|usd|mining|steel|infrastructure|rail
© Reuse this Name of the project and location Ambatovy nickel project, Madagascar.

Project description The project will involve the economic development and operation of the Ambatovy nickel cobalt property in Madagascar. The project is located in the east-central region of Madagascar, about 130 km east of the capital, Antananarivo. It is close to existing infrastructure, including road, rail and port facilities The Ambatovy resource is thick, uniform and near surface, which makes it amenable to openpit mining. Previous testwork has indicated that the resource is also amenable to pressure acid leach (PAL) processing, with good kinetics, high extractions of nickel and cobalt, moderate acid requirements and good liquid-solid separation response for both the ore slurry and PAL slurry.

Ambatovy will be one of the world’s lowest-cost nickel producers.

Value Capital costs for the project are estimated at $2,25-billion.

Duration Not stated.

Breakdown of main contracts Impala Platinum Holdings (Implats) will operate the refinery in Springs, on South Africa’s East Rand on behalf of the project, and Dynatec Corporation will operate the mine and metallurgical facilities in Madagascar.

Client Dynatek Corporation.

Latest developments In 2003, Dynatec Corporation signed a joint venture with subsidiaries of Phelps Dodge Corporation to evaluate the feasibility of the project. In January 2005, Dynatec entered into an agreement to acquire the interest in the Ambatovy project held by Phelps Dodge, thereby increasing its ownership of the project to 100%. Through the agreement, Phelps Dodge will continue involvement in the project through its ownership interest in Dynatec. A feasibility study released by Dynatec in February 2005 indicated the potential for a 60 000 t/y nickel and 5 600 t/y cobalt project. In May 2005, Dynatec entered into an agreement with Implats for the joint progression of the Amabatovy Nickel project. Dynatec and Implats will initially own a 50% stake in the project. Implats will contribute $50-million towards Dynatec's share of equity contributions, after which all parties will be required to contribute their proportionate share of equity and provide their share of any guarantees sought by the financiers. Subject to regulatory approvals, Implats will provide a project-completion cross-guarantee of $170-million for Dynatec's portion of the financing guarantees. The feasibility study will now be enhanced and modified to allow for the refinery portion of the project to be built in Springs.

Implats and Dynatec will jointly undertake the detailed engineering for the project, including the modification of the February feasibility study. Modifications to the feasibility study and sufficient detailed engineering work to form the basis of the partners’ decision to proceed with the project are expected to be completed by the end of 2005 and to cost no more than $60-million.

Discussions are currently advanced with prospective third partners.

Participants Dynatec-Phelps Dodge joint venture and Dynatec-Implats joint venture.

Will any structural steel be used and if so how much? Not stated.

On budget and on time? Not stated.

Contact details for project information Dynatec Madagascar, tel 09261 20 2254030, fax 09261 20 2254412.

Edited by: Sheila Barradas
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Automotive News
 
Latest News
The retail price of 95-grade petrol in South Africa will drop by 45 cents or 3.3 percent a liter from next Wednesday, while wholesale diesel will decrease by 4.9 percent, the government said on Friday. Petrol will cost 13.16 rand ($1.20) a liter while the wholesale...
Special purpose vehicle GreenCape will, by the end of 2014, make an application to the Department of Trade and Industry (DTI), the Western Cape provincial government and the City of Cape Town to declare Atlantis, on the Western seaboard, a special economic zone...
The German government has committed a further R70-million towards the second phase of the Non-Motorised Transport (NMT) programme. The NMT programme forms part of the Department of Environmental Affairs’ 2010 FIFA World Cup National Greening Legacy Programme.
More
 
 
Recent Research Reports
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
 
 
 
 
 
This Week's Magazine
In the next 20 years, it was expected that, in Africa, more people would live in cities and towns than in rural areas, United Nations Habitat executive director Dr Aisa Kirabo Kacyira said at the Human Settlements Indaba that took place earlier this month in...
Tough-talking Human Settlements Minister Lindiwe Sisulu has committed government to building 1.5-million low-cost houses over the next five years, telling the Human Settlements Indaba in Johannesburg on Wednesday that the State would achieve this target through the...
Over the past 20 years there has been persistent concern about deindustrialisation in South Africa, as well as the fact that locally produced manufactured products have been increasingly displaced by imports.
Financial agreement for Ghanian independent power producer (IPP) Cenpower Generation Company’s $900-million, 350 MW combined-cycle gas-turbine power plant was finalised earlier this month, paving the way for the project’s construction to begin before 2015 in Tema,...
The revenue implications for South Africa of ‘base erosion and profit shifting’ by corporate taxpayers are firmly in the crosshairs of the Davis Tax Committee (DTC) and Judge Dennis Davis hinted last week that recommendations were being considered to “detect and...
 
 
Currently, the civil engineering consulting industry in South Africa is extremely competitive, with many new entrants in the past few years, says engineering consulting firm GIBB technical executive Vuyiso Msipa. He explains that the competitiveness is mainly based...
MICHAEL FRANS Core technology systems used by businesses across various other industries can provide enormous benefit to the automotive sector
Improving manufacturing efficiencies and reducing the cost and environmental impacts of vehicle travel using efficient information and communication technology (ICT) systems can be achieved if energy providers, information technology enterprises and automotive...
Engineering and project implementation firm Hatch Goba is pursuing two major development themes, aimed at both public sector and industrial sector clients. “The themes will be the driving force behind the business going forward, particularly into Africa,” says Hatch...
Article contains comments
More
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks