Fairview subvertical shaft project, South Africa
Name of the Project
Fairview subvertical shaft project.
Location
Mpumalanga, South Africa.
Client
Pan African Resources.
Project Description
The Fairview mining operation is currently restricted by the hoisting capacity of its No 3 decline, which is used to access workings below 42 Level. This decline is currently used for rock hoisting and transporting employees and material.
A feasibility study has been completed on the construction of a raisebored, subvertical shaft from 42 Level to 64 Level, with the potential of continuing the vertical shaft in future to 68 Level.
This subvertical shaft will be used to transport employees and material to the working areas, which will allow for the No 3 decline to be used exclusively for rock hoisting, increasing overall capacity and production from this mining area.
The productivity improvements at Fairview are expected to yield an additional 7 000 oz/y of gold, which can be optimised further to more than 10 000 oz/y.
The 11 Block, or MRC, orebody has an average grade of 31.3 g/t and a life-of-mine of 22 years.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
Not stated.
Value
The estimated capital expenditure for the project, including contingencies, is R105-million, to be incurred over two years.
Duration
Not stated.
Latest Developments
None stated.
Key Contracts and Suppliers
DRA (feasibility study).
On Budget and on Time?
Not stated.
Contact Details for Project Information
Pan African Resources, tel + 27 11 243 2900, fax + 27 11 880 1240 or email execpa@paf.co.za.
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