Takatokwane coal project to cost P7.2 bn

A statement issued yesterday said the Perth-based miner’s operating expenditure is estimated between $43 and $57 per tonne Free on Board (FoB).  The company stated that it had completed a scoping study confirming the robust development model for its Takatokwane project.  The study was part of the ongoing pre-feasibility study modelled under the conservative production and pricing base case.

The conceptual operation at Takatokwane was based on two open pit strip mines, each delivering six million tonnes a year of coal. Some of the products would be upgraded through a modular two-stage washing plant, and the project was expected to deliver three saleable products.