Toliara lies in wait for Madagascar progress
PERTH (miningweekly.com) – Mineral sands miner Base Resources is not expecting to see any material progress at its Toliara project, in Madagascar, until the overhaul of the mining code and the conclusion of presidential elections late in 2023.
In a presentation to Paydirt’s Africa Downunder conference, Base MD Tim Carstens noted that the company was hoping to conclude fiscal terms and the lifting of suspensions at Toliara early in 2024, noting that there would be some 11 months of work to complete prior to a final investment decision (FID) at the project.
The additional work would include the completion of land acquisition, funding, offtake agreements and the award of construction contracts.
Base is tentatively targeting an FID by December 2024, with project construction to take some 27 months, meaning first product shipments are targeted for February 2027.
Over its 38-year mine life, the Toliara operation is now expected to produce an average of 960 000 t/y of ilmenite, 66 000 t/y of zircon and a further 8 000 t/y of rutile,
An updated definitive feasibility study estimated that the project would require an initial capital investment of $520-million for the Stage 1 project to establish a 13-million-tonne-a-year processing operation.
The Stage 2 operation would require a further investment of $137-million to increase capacity to 25-million tonnes a year.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
In 1958 John Deere Construction made its first introduction to the industry with their model 64 bulldozer.
VISIT SHOWROOM
Since 1919, Victaulic’s innovative solutions and design services continue to increase construction productivity and reduce risk, ensuring projects...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
