Emerging gold- and uranium-miner Aflease, in its results for the
six months ended June 30, indicated that its Dominion uranium
project is on track to produce from 2007 and that declines will be
developed before year-end.
The detailed feasibility study for the Dominion uranium project is
under way, with long lead-time equipment on order, to facilitate
production from 2007.
In addition, site clearing for the 210 000 t/m uranium plant has
started, and exploration drilling is continuing.
While the Department of Miused iron ore mining equipment price usan-erals and Energy (DME) issued the miner
with a prospecting permit earlier this year, it has since applied
for further prospecting rights for both gold and uranium.
The applications have been accepted.
how to locate a stone crusher in sri lankaAflease said that it is on track to become two separate focused
companies and aims to have new sources of uranium oxide on the
market by early 2007.
Its aim to focus on gold and ura- nium in separate companies is
taking shburnt clay brick manufacturing in south africaape as its acquisition by Canadian miner Southern Cross
Resources (SXR) proceeds and is expected to be complete in
November.
Aflease is also moving ahead with the merger of Sub Nigel, to form
a separate gold company.
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The firm, in an announcement to the JSE, also published its
operational update to the end of September.
It has decided to house Bonanza South, which adjoins Dominion
Reefs, in the to-be-created uranium portfolio as a result of its
uranium by-product posolidworks office professional prices 2010tential.
The mine, however, has since started gold production but is in very
early stages of production build-up and is not expected to break
even until the end of the year.
While the build-up phase of Bonanza South is on schedule and the
strike by the National Union of Mineworkers earlier this year has
had little effect on production, 105 level is experiencing a zone
of water inflow and poor ground conditions.
“We are exploring ways to ameli-orate this, but caution that
production in the third and fourth quarters of 2006 could be
affected,” said the firm.
However, the cash operating loss of R3,7-million – a million
rands less than for the six-month period ending December –
has been attri- buted to commissioning expenditure on the Bonanza
South mine.
The firm said that the operating loss improved by 13%, from
R48,6-million, for the six months ended December 2004, to
R42,5-million for the period under review.