Business
African Gold Recovery Operations Update
African Gold Recovery Operations Update.
About this update from Goldplat Plc
[{"type":"text","content":"\n African Gold Recovery Operations UpdateGoldplat plc / Ticker: GDP / Index: AIM / Sector: Mining & Exploration1 May 2013Goldplat plc ('the Company')African Gold Recovery Operations Update Goldplat plc, the AIM listed gold producer in Africa, announces an operations update on its two market leading gold recovery operations in South Africa and Ghana, which recover gold from waste products of the primary gold mining industry, and an update on Golplat's gold recovery expansion plans in Africa.Goldplat Recovery (Pty) Limited - South Africa ('GPL')Goldplat's South African gold recovery operation, GPL continues to produce robust cashflows with particular emphasis on fine carbon processing which has expanded significantly over the past six months with new supply contracts recently signed with major South African gold producers. The Company has also continued to invest in new capital projects to increase the gold recovery processing capacity at GPL, reduce its stockpile inventory and in turn further increase the South African recovery operations profitability. With this in mind, GPL commissioned the new tailings re-treatment carbon-in-leach ('CIL') plant on time and within budget in March 2013. This CIL will reprocess selected tailings which are currently on site at GPL and that are estimated to comprise five years' worth of production. In addition, a second rotary kiln, which will double the available production capacity at GPL, and will process the significant stockpile of high-grade woodchips (estimated to equate to seven years of current capacity) is on budget with commissioning planned for end of July 2013. The new kiln has already been hoisted onto its foundations to allow for the installation of the internal shell lining, ducting and other dust cleaning equipment.To see photos of the new tailings re-treatment plant and secondary rotary kiln, please see the link at the end of this press release.Furthermore, as part of the continued succession planning, the Board has appointed Hansie van Vreden, a qualified Metallurgist, as General Manager of GPL. Prior to joining GPL, Hansie was the Production Metallurgist at AngloGold Ashanti's Kopanang Gold Plant in South Africa. The Board is delighted to welcome him to the Goldplat team and believe with his technical expertise and experience he will be ideally...