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Meanwhile, Zenith has negotiated with “We are proud to have had this opportu- pleting an independent due diligence re-
Billabong Gold Pty Ltd (a wholly owned nity to not only continue, but deepen, our view of the operations and preparing and
subsidiary of Superior Gold Inc) to add a partnership with Sierra Gorda,” Metso min- independent technical expert report in a
further 6MW of installed capacity at the Plu- eral services president Giuseppe Campan- form suitable for debt financiers.
tonic power station. elli said. An information memorandum was sent to
Once the expansion is complete later Metso has been systematically expand- selected lenders in December, with Jervois
this quarter, the Plutonic power station will ing its service offering in the important Chil- confirming it received indicative financing
have a total capacity of 12MW. Zenith’s to- ean and Pacific Rim mining markets. proposals the following month. It is expect-
tal build, own and operate capacity will also ed a final decision on a lender appointment
increase to more than 232MW. Barminco takes control of will be aligned to completion of the BFS,
due at the time of print.
Metso earns tick of Savannah gineer for financiers for over 50 years, in-
RPM has acted as an independent en-
approval in Chile Underground operations at Panoramic cluding significant base and precious metal
Resources Ltd’s Savannah nickel mine experience in North America.
Metso Corp has delivered the first year have transitioned to the stewardship of new Jervois hopes to secure a debt facility
of a performance solutions contract at the contractor Barminco Ltd ahead of schedule. available for drawdown by mid-2020.
Sierra Gorda SCM copper-molybdenum Barminco, a subsidiary of Perenti Global
mine in Chile. Ltd, rapidly mobilised key personnel and
Services provided include preventa- equipment to site, with the underground Rio Tinto partners
tive maintenance and calibration of Sierra transition and full operational handover tak- with SME
Gorda’s eight on-stream analysers. The ing place on March 1.
particle size analysers and chemical com- Further new underground fleet was ex- Rio Tinto Ltd and the Society for Min-
position analysers, which are a core portion pected to arrive at the Savannah mine, in ing, Metallurgy & Exploration (SME) have
of the flotation process, play a vital role in Western Australia’s Kimberley region, be- joined forces in a multi-year partnership
controlling and optimising process perfor- fore the end of the month. that will provide valuable professional de-
mance. velopment opportunities for employees of
As part of the agreement, Metso’s re- Jervois ramps up debt the mining giant.
sponsibilities include performing mainte- The agreement will allow Rio Tinto em-
nance of the sample handling system, as financier search ployees to benefit from the full range of ser-
well as the maintenance and calibration of vices offered by SME, a professional as-
the analysers. Jervois Mining Ltd has appointed RPM sociation with 14,000 members worldwide,
The two-year contract, which will be re- Global USA Inc to act as an independent including access to high-quality technical
viewed next February, includes daily, week- engineer for prospective lenders as the content and trainings, and peer-to-peer net-
ly and monthly tasks as well as stringent company seeks to finalise debt financing working opportunities with thought leaders.
KPIs. Metso is evaluated on the ability to in- for its Idaho cobalt operations. Rio Tinto will also play an active role
crease uptime and measurement accuracy. The scope of work includes RPM com- across the SME network, with a particular
focus on promoting best practices in health
Metso is overseeing preventative maintenance and calibration of eight on-stream analysers at and safety and developing the next gen-
the Sierra Gorda SCM copper-molybdenum mine in Chile eration of mining professionals. The com-
pany has agreed to sponsor a competition
open to SME’s 77 university-based Student
Chapters, which challenges participants to
find a solution to a real-life situation.
Up to 150 Rio Tinto employees will be
awarded SME memberships which pro-
vides access to webinars and a digital li-
brary, including papers, articles and pres-
entations on topics ranging from safety to
geotechnical models.

NUCLEUS

+27 (0)10 593 0509 info@nucleusml.co.za www.nucleusml.co.za

aUSTRaLIa’S PaYDIRT aPRIL 2020 Page 53