Business
Export of Tantalum and pan plant installation
Export of Tantalum and pan plant installation.
About this update from Kazera Global Plc
[{"type":"text","content":"\n \n \n \n July 2022\n \n \n \n \n Kazera Global plc\n \n \n \n \n (\"Kazera\" or the \"Company\")\n \n \n \n \n First commercial export of Tantalum and installation of pan plant\n \n \n \n \n \n \n Kazera Global plc, the AIM quoted investment company, is pleased to announce that it is ready to export its first commercial delivery of Tantalum to its Chinese partner from its wholly owned mine at Tantalite Valley, Namibia.\n \n \n \n \n \n Separately, the Company has also completed the installation of a pan plant at the Company's Alexander Bay diamond mine, so removing reliance on external parties to process diamonds.\n \n \n \n \n \n \n \n \n \n Highlights\n \n \n \n \n \n \n \n \n \n ·\n Tantalum production from Namibia now at acceptable grades, with first shipment to Chinese off take partner now underway\n \n \n ·\n Tantalum production expected to be substantially increased during Q4 2022\n \n \n ·\n Diamond mine pan plant now installed and commissioned\n \n \n ·\n Cashflows from diamond operations expected to substantially improve\n \n \n \n \n \n \n \n \n \n \n \n \n \n The Company is delighted to be able to announce that its first commercial shipment of Tantalum is now ready for export. Considerable work has been undertaken over recent months to improve Tantalum grades to commercially acceptable levels. The Company is pleased to relay that this has now been achieved and the Company now has plans in place to further upgrade the plant to significantly increase production volumes and improve reliability during Q4 2022\n \n \n In addition, the Company has now installed and commissioned the pan plant in its Alexander Bay diamond mine in South Africa. The pan plant is capable of processing up of 70 tons of gravel per hour and has the capacity to quickly deal with the gravel stockpiles that the Company has built up but has not been able to process. The new facility gives the Company complete control over its diamond production, with Alexkor only being responsible for final sorting and sales. The cost of the pan plant will be paid from out of cashflows from the diamond mine. The Company also anticipates further improvement in cashflows from diamond operations via additional income from making the pan plant available to other contract miners when it is not being used by the Compa...