http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.12Change: -0.01
R/$ = 11.96Change: -0.08
Au 1205.65 $/ozChange: -0.42
Pt 1148.50 $/ozChange: 0.00
 
 
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 Contact Us
 
 
 
Article   Comments   Other News   Research   Magazine  
 
 
Jun 10, 2005

Ambatovy nickel project

Back
Engineering|Port|Slurry|Africa|Mining|Platinum|PROJECT|Road|Africa|Steel|Infrastructure
Engineering|Port|Slurry|Africa|Mining|Platinum|PROJECT|Road|Africa|Steel|Infrastructure
engineering|port|slurry|africa-company|mining|platinum|project|road|africa|steel|infrastructure
© 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)
 
 
 
 
 
 
 
 
Latest News
Updated 22 minutes ago The Competition Commission has referred a case of alleged collusion against JSE-listed construction materials company Dawn, along with its subsidiaries DPI Plastics, Ubuntu Plastics and Sangio Pipes, to the Competition Tribunal for prosecution. The commission alleged...
Updated 1 hour 14 minutes ago JSE-listed Rhodes Food Group grew its turnover 12.4% to R1.3-billion for the six months ended March 29, while normalised operating profit was up 17.3% to R126-million, the company reported at its interim results presentation on Monday. The company’s normalised...
Cartrack CEO Zak Calisto
Updated 1 hour 40 minutes ago Telematics solutions provider for mobile asset tracking and related data management Cartrack registered double-digit increases across the board for the year to February 28, as it reported its first set of financial results since listing on the JSE in December. Over...
More
 
 
Recent Research Reports
Steel 2015: A review of South Africa's steel sector (PDF Report)
Creamer Media’s Steel 2015 report provides an overview of the key developments in the global steel industry and particularly of South Africa’s steel sector over the past year, including details of production and consumption, as well as the country's primary carbon...
Projects in Progress 2015 - First Edition (PDF Report)
In fact, this edition of Creamer Media’s Projects in Progress 2015 supplement tracks developments taking place under the Renewable Energy Independent Power Producer Procurement Programme, which has had four bidding rounds. It appears to remain a shining light on the...
Electricity 2015: A review of South Africa's electricity sector (PDF Report)
Creamer Media’s Electricity 2015 report provides an overview of State-owned power utility Eskom and independent power producers, as well as electricity planning, transmission, distribution and the theft thereof, besides other issues.
Construction 2015: A review of South Africa’s construction sector (PDF Report)
Creamer Media’s Construction 2015 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; the key participants in the sector; local construction demand; geographic diversification;...
Liquid Fuels 2014 - A review of South Africa's Liquid Fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Water 2014: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2014 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
 
 
 
 
 
This Week's Magazine
While economic forecasts for the African continent are most favourable, African airlines may not be able to benefit from the expected growth in the region’s gross domestic product (GDP), International Air Transport Association VP: Africa Raphael Kuuchi has warned....
The Automotive Production and Development Programme (APDP) will need to change substantially post 2020, says Metair Investments South African operations COO Ken Lello. “We must not make tweaks. We have to change. What we are doing is not sustainable.”
Banking group Absa’s forecast is for the rand to end the year at around R13 against the dollar, weakening further to R13.50 by 2016, says Absa sectoral analyst Jacques du Toit. He warns that possible interest rate hikes in the US may see capital being pulled from...
The Dispute Resolution Centre at the Bargaining Council for the Civil Engineering Industry (BCCEI) is now open to handle party-to-party disputes. The BCCEI represents the interests of all level four to nine Construction Industry Development Board companies.
FREDRIK JEJDLING Sustainability becomes an important part of a business’ decision-making process
Communications technology firm Ericsson sub-Saharan Africa head Fredrik Jejdling says the company’s commitment to sustainability and corporate responsibility has been integrated into all facets of its operations, which has provided it with sustainable revenue...
 
 
 
 
 
 
 
 
 
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 $96 Close
Subscribe Now for $96