http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 16.31Change: -0.01
R/$ = 14.22Change: 0.03
Au 1292.99 $/ozChange: 1.84
Pt 1079.50 $/ozChange: 3.50
 
 
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 Letters About Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Jun 10, 2005

Ambatovy nickel project

Back
Port|Slurry|Africa|Engineering|Mining|Platinum|PROJECT|rail|Road|Africa|Steel|Infrastructure
Port|Slurry|Africa|Engineering|Mining|Platinum|PROJECT|rail|Road|Africa|Steel|Infrastructure
port|slurry|africa-company|engineering|mining|platinum|project|rail|road|africa|steel|infrastructure
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
Creamer Media Research Coordinator & Senior Deputy Editor

To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here
 
Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Automotive News
 
Latest News
Environmental Affairs Minister Edna Molewa
Cabinet has extended the contract of Department of Environmental Affairs (DEA) director-general Nosipho Ngcaba and approved the appointment of Limpho Makotoko as the new DEA COO.     “Under the leadership of Ngcaba, the DEA has consistently received clean and...
Mzwandile Masina
The Department of Trade and Industry (DTI) has invited companies to participate in a trade and investment mission to Ghana and Nigeria from August 8 to 12.   Companies in the agriculture and agroprocessing sectors, built environment professionals, automotive and...
Cabinet has approved the Industrial Policy Action Plan (Ipap) 2016/17 to 2018/19, which seeks to achieve a higher-impact industrial policy in difficult economic circumstances, including the difficulties faced by the domestic steel industry and the drought which has...
More
 
 
Recent Research Reports
Automotive 2016: A review of South Africa's automotive sector (PDF Report)
Creamer Media’s Automotive 2016 Report provides an overview of South Africa’s automotive industry over the past 12 months. The report provides insight into local demand and production, vehicle imports and exports, investment and competitiveness in the sector, as well...
Energy Roundup – April 2016 (PDF Report)
The April 2016 roundup covers activities across South Africa for March 2016 and includes details of a North Gauteng High Court Judge’s dismissal of a court application to postpone the 9.4% electricity tariff increase, which the National Energy Regulator of South...
Electricity 2016: A review of South Africa's electricity sector (PDF Report)
Creamer Media’s Electricity 2016 report provides an overview of South Africa’s electricity sector, focusing on State-owned power utility Eskom and independent power producers, electricity planning, transmission, distribution and the theft thereof, besides other issues.
Energy Roundup – March 2016 (PDF Report)
The March 2016 roundup covers activities across South Africa for February 2016 and includes details of the Department of Energy’s plans to announce the preferred bidders for the first tranche of the coal independent power producer procurement programme; the Council...
Steel 2016: A review of South Africa's steel sector (PDF Report)
Creamer Media’s Steel 2016 Report examines South Africa’s steel industry over the past 12 months. The report provides insight into the global steel market and and particularly into South South Africa’s steel sector, including production and consumption, main...
Construction 2016: A review of South Africa's construction industry (PDF Report)
Creamer Media’s Construction 2016 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; key participants; local demand; geographic diversification; corporate activity; black economic...
 
 
 
 
 
This Week's Magazine
The two spent-fuel pools at Eskom’s 1 800 MW Koeberg nuclear power station, in the Western Cape, will be full by 2018, increasing the urgency on the State-owned utility to begin pursuing alternative storage options. Koeberg has, over the past 32 years, accumulated a...
South Africa lacks the skills necessary to implement the government’s plan to build 9.6 GWe of new nuclear energy capacity, warns nuclear-qualified Quality Strategies International CEO David Crawford. “Apart from the concern about the affordability of the programme,...
DOROS HADJIZENONOS The 700-series devices provide network security monitoring, app control, URL filtering, VPN security, antivirus, antispam, antibot, and advanced intrusion prevention and detection functionality
Cybersecurity multinational Check Point has released its latest 700-series cybersecurity systems for small businesses, which draw on its international threat intelligence to provide up-to-date cybersecurity, says Check Point South Africa country manager Doros...
Daimler Trucks and Buses Southern Africa (DTBSA) saw a marked slip in new-vehicle sales in 2015 compared with 2014, with sales dropping from 5 897 units to 5 300 units. The decline came as the South African new truck and bus market declined from 31 558 units in 2014...
Group of 20 (G-20) economies threatened to penalise havens that don’t share information on their banking clients after the leak of the Panama Papers provoked a global uproar over tax evasion. The G-20 will consider “defensive measures” against financial centers and...
 
 
Outa will be going to court to defend members who received summonses for e-toll bills, including one for R8-million, it said. Organisation Undoing Tax Abuse (Outa) chairperson Wayne Duvenage told News24 that it had notified the SA Roads Agency Limited (Sanral) of its...
The role of business in the successful and sustainable operation of trade corridors is being recognised by researchers and national governments, says a range of African trade and investment professionals. Trade corridors spur development and drive the transformation...
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
Subscribe Now for $149 Close
Subscribe Now for $149