Management: TWP prepares for five-year execution
Recent Gauteng Business News
TWP has completed the feasibility study and is preparing for the five-year execution of Wesizwe Platinum’s Frischgewaagd-Ledig mine project in the North West Province. TWP has been involved in this project since its inception, managing the project phases, including the Environmental Impact Study and Environmental Management Plan processes and compiling an application for the mining permit.
The proposed mine design, comprising an underground mine and a surface concentrator plant, allows for fast production build-up and flexibility to address the characteristics of the ore body. The estimated Life of Mine is 35 years at a monthly production rate of 230 000 tpm, producing an average of 350 000 PGE ounces per annum, when steady state is reached in 2016. First production of ounces is scheduled for 2011 with a five year ramp-up to steady state.
The project involves the sinking of two vertical shafts one equipped for personnel, material and rock hoisting and the other, an up-cast ventilation shaft and second outlet. The main shaft will be 8, 5m in diameter to an approximate depth of 980m and the ventilation shaft, 6.5m to an approximate depth of 920m.
Junior platinum miner Wesizwe has explored properties in the North West Province, near Rustenburg. The two northernmost farms, Ledig 909 JQ and portions of Zandrivierspoort 210 JP are adjacent to the Pilanesberg National Park. The other farms that comprised the exploration properties are portions of Mimosa 81 JQ and Frischgewaagd 96 JQ. The mine lease area will incorporate the Ledig 909 JQ and Frischgewaagd 96 JQ properties where the mine will be located.
Assistant project manager, TWP’s Jacob Mothomogolo, says the proposed project strategy is to use only tried and tested technology, since this is Wesizwe’s first mining venture. Value engineering will be carried out throughout the project’s life cycle, with a view to introducing continuous process improvements by means of the latest technologies.
NOTE TO EDITORS
TWP Holdings listed on the main board of the Johannesburg Stock Exchange under the heavy construction sector in November 2007, having burgeoned from a small group of professionals into a highly capable resource focused engineering project house with a head count of more than 1 800 over the past 26 years. Its market offering has evolved to a point where the group is the only complete professional solutions supplier to the mining industry, with services spanning resource identification, bankable feasibility studies, mine and production planning, process engineering, project execution, delivery and project handover.
The value of projects currently under TWP management exceeds R70-billion and parts of its project pipeline extend beyond 2016. Income going forward is largely secured, with funds already committed to many of these projects.
TWP has also diversified into sectors that include the cement industry, power supply and distribution, water supply and roads. The group will continue to identify and exploit new opportunities wherever these may occur.
From its base in South Africa, TWP has exported its expertise beyond this country’s borders to North and South America, Australasia and other parts of Africa, while its track record in southern Africa includes some of the largest and most complex mining greenfields projects on the continent.
Based in Gauteng TWP has offices in Rustenburg and Polokwane in South Africa, and in Perth, Australia (TWP Australia) as part of a drive to service new markets and geographies.
Business News Sector Tags: Management|