Vedanta Limited · NSE:VEDL
Vedanta — Investor Day (August 2017)
81 slides from Vedanta's investor day presentation, Aug 30, 2017
Slide 1: Vedanta - Zinc Day
Vedanta - Zinc Day 30 August, 2017 VEDANTA – ZINC–LEAD–SILVER | OIL & GAS | ALUMINIUM | COPPER | IRON ORE | POWER VEDANTA ZINC DAY AUGUST 2017
Slide 2: Cautionary Statement & Disclaimer
Cautionary Statement & Disclaimer The views expressed here may contain information derived from publicly available sources that have not been independently verified. No representation or warranty is made as to the accuracy, completeness, reasonableness or reliability of this information. Any forward
Slide 3: Introduction
Introduction Arun Kumar G.R. – Group CFO VEDANTA ZINC DAY AUGUST 2017 3
Slide 4: Vedanta: A diversified resources company with low cash cost positions
Vedanta: A diversified resources company, with low cash cost positions, market leading growth and strong balance sheet Commodity diversification1 Attractive cost position I II III IV Size of circle Zinc denotes India EBITDA Zinc Intl. contribution Peers O&G Copper Aluminium India % Revenue (CY 2016)
Slide 5: A world-class natural resource powerhouse anchored in India
A world-class natural resource powerhouse anchored in India 6th largest diversified resources company in the world1 Only global player with significant operations, expertise and majority sales in the Indian market – the fastest growing G-20 economy2 Strong Balance sheet: Vedanta Ltd. Net Debt/
Slide 6: Capital Allocation: Focus on Shareholder Returns
Capital Allocation: Focus on Shareholder Returns World class assets and operational excellence to deliver strong and sustainable cash flows Production growth and asset optimization Strong Shareholder Returns Maintain Strong Balance Sheet Grow Existing Businesses • Announced dividend policy at • Cont
Slide 7: Strategic Priorities Remain Unchanged
Strategic Priorities Remain Unchanged Production Growth and Asset optimisation De-lever the Balance Sheet Simplification of the Group structure Protect and preserve our License to Operate Identify next generation of Resources VEDANTA ZINC DAY AUGUST 2017 7
Slide 8: Health, Safety, Environment & Sustainability
Health, Safety, Environment & Sustainability Phil Turner – Group Head, HSE and Sustainability VEDANTA ZINC DAY AUGUST 2017 8
Slide 9: Our Vision: Zero Harm, Zero Waste, Zero Discharge
Our Vision Zero Harm Zero Waste Zero Discharge VEDANTA ZINC DAY AUGUST 2017
Slide 10: Sustainability: Our Priorities
Sustainability: Our Priorities Deliver world class performance by identifying and managing risk and by benchmarking best performance Engage with stakeholders and deliver best social responsibility performance in the resources sector Eliminate fatal accidents Ensure our people are not exposed to harm
Slide 11: Zinc International: Health, Safety, Environment
Zinc International: Health, Safety, Environment ‘ZERO HARM, ZERO WASTE, ZERO LTIFR (per million man hours worked) vs. Fatalities DISCHARGE” to all people and environment 3.02 Fatalities LTIFR ‒ To be a caring organisation for our employees 2.50 and all stakeholders 2 2.09 ‒ Safety indicators reflect
Slide 12: Hindustan Zinc: Health, Safety, Environment
Hindustan Zinc: Health, Safety, Environment LTIFR Trend Water Conservation • Zero discharge Specific Water Consumption (M3 / MT of MIC) 14.56 13.78 13.70 • 33% total water requirement met from recycling/ reuse water (2017) • Water CDP 15-16 16-17 17-18 (Target) disclosure 2017 Climate Change & Energ
Slide 13: Zinc Market Overview
Zinc Market Overview Sunil Duggal – CEO, Hindustan Zinc VEDANTA ZINC DAY AUGUST 2017 13
Slide 14: Global Zinc Market Overview
Global Zinc Market Overview Refined Market Balance Zinc Demand By Industry Consumer Industrial products machinery kt 6% 7% 15,000 14916 Infrastructure Construction 14538 16% 50% 14,500 14256 13912 Transport 14,000 13779 21% Source: Wood Mackenzie 13,500 India Steel Production and Zinc Demand kt Mn M
Slide 15: Vedanta Global Positioning
200 300 500 600 100 400 700 0 400 600 800 200 1000 1200 0 By Mines Red Dog Glencore By Company Rampura- MINES - 2016 Vedanta Zinc Agucha Business Mount Isa Pb/Zn Teck San Cristobal Votorantim VEDANTA ZINC DAY AUGUST 2017 McArthur River Boliden Antamina Minera Volcan Vedanta Global Positioning Sumito
Slide 16: Strong Fundamentals
Strong Fundamentals Declining stocks at LME warehouses Global Zinc concentrate deficit supporting zinc prices kt mn MT $ 800 Surplus 1.8 3,500 LME SHFE Zinc LME $/t (RHS) Dugald River 600 Glencore McArthur (210ktpa) 1.6 River closure Gamsberg 3,000 400 (130ktpa) & Mount (250ktpa) to 1.4 Isa Closure
Slide 17: Vedanta - Zinc Day: Zinc International
Vedanta - Zinc Day Zinc International 30 August, 2017 VEDANTA – ZINC–LEAD–SILVER | OIL & GAS | ALUMINIUM | COPPER | IRON ORE | POWER VEDANTA ZINC DAY AUGUST 2017
Slide 18: Zinc International - Agenda
Zinc International - Agenda 01 05 08 Health, Safety & Gamsberg – Anchor Digitalization & Environment - for Growth Technology - Satish Kumar –VP Projects Vision to Zero Liezel Jacobs – Project Manager Driving efficient Deshnee Naidoo - CEO growth 02 06 Dave Payne - Head of D&T Sustainability – We tak
Slide 19: Health, Safety, Environment - Vision to Zero
01 Health, Safety, Environment- Vision to Zero Deshnee Naidoo - CEO VEDANTA ZINC DAY AUGUST 2017 19
Slide 20: Health, Safety, Environment & Sustainability
Health, Safety, Environment & Sustainability ‘ZERO HARM, ZERO WASTE, ZERO LTIFR (per million man hours worked) vs. Fatalities DISCHARGE” to all people and environment 3.02 Fatalities LTIFR ‒ To be a caring organisation for our employees 2.50 and all stakeholders 2 2.09 ‒ Safety indicators reflective
Slide 21: Sustainability - We take people along
02 Sustainability - We take people along Nora Ndopu – Head of CSR VEDANTA ZINC DAY AUGUST 2017 21
Slide 22: Sustainability: Commitment to our Community, Environment & Employees
Sustainability: Commitment to our Community, Environment & Employees CSR Biodiversity People Social Licence to Last 5 years spend >4000 employees >ZAR 60 million No net loss Operate • Livelihood • Bird Pond at SZ • Dedicated Teams • Strive for beyond regulatory • Sports • Rehabilitation Nurseries •
Slide 23: About us – Significant footprint with strong track record
03 About us – Significant footprint with strong track record Deshnee Naidoo - CEO VEDANTA ZINC DAY AUGUST 2017 23
Slide 24: Zinc International Overview
Zinc International Overview ZI’s vision is to be the safest, socially responsible 1 Mtpa integrated Zn producer in the 1st quartile of the global cost curve Skorpion Zinc • Open pit zinc mine and refinery • Largest integrated zinc operation in Africa • R&R of ~26 MT with 2.7 MT of contained metal at
Slide 25: Exploration potential – Unrivalled Zn address in Africa
04 Exploration potential – Unrivalled Zn address in Africa Markus Schaefer – Head of Exploration VEDANTA ZINC DAY AUGUST 2017 25
Slide 26: Southern African Zinc Cluster
Southern African Zinc Cluster Unrivalled Opportunity for Long-Term LOM & Organic Growth Southern Namibia Cluster High value Resource Base to enable long LOM and expansions Namibia • Total of 21.5Mt of Metal in R&R Skorpion Best Zn Address in Africa • Extensive tenement portfolio (>5,000km2) Gergarub
Slide 27: Gamsberg - Anchor for Growth
05 Gamsberg - Anchor for Growth Satish Kumar – VP Projects Liezel Jacobs – Project Manager VEDANTA ZINC DAY AUGUST 2017 27
Slide 28: Gamsberg – Journey till Date
Gamsberg – Journey till Date Before Now VEDANTA ZINC DAY AUGUST 2017 28
Slide 29: Gamsberg – Anchor for Zinc International Growth
Gamsberg – Anchor for Zinc International Growth Total Potential for Gamsberg 250 KTPA to 450 KTPA to 600 KTPA Phase 1 Project In Execution Gamsberg Project (Phase 1) Gamsberg North Gamsberg East U/G Gamsberg U/G (Phase 3) Resource Resource • Current project (open-pit mine, 183 MT of Ore @ 32.27 MT o
Slide 30: Gamsberg Phase 1 – Project Scope & Capital Optimisation
Gamsberg Phase 1 – Project Scope & Capital Optimisation Gamsberg Open-Pit layout Gamsberg Concentrator Gamsberg Tailings Capex Optimisation ($ mn) ~600 ~400 • Open pit – Drill and blast, load • 4 MTPA Ore feed capacity • Construct tailings dam to store and haul 3.55 MTPA of tails • 250 KTPA MIC Prod
Slide 31: Gamsberg Phase 1 – Project Execution Philosophy
Gamsberg Phase 1 – Project Execution Philosophy Gamsberg – the new way • Mining - Fully outsourced including operations and infrastructure • Mining - Variable cost model based on output of delivering projects in 1 Outsourced • Plant & Infrastructure – Fully turnkey with least number of packages Veda
Slide 32: Gamsberg Project Progress on Target for First Production by Mid CY2018
Gamsberg Project Progress on Target for First Production by Mid CY2018 Mining Plant • First blast, Prestart mining • EPC order with EL Bateman Oct 16 commences July 15. • Mining contract outsourced – • Civil works progressing - Concrete bases for SAG and Ball mills completed Aug 17 Aveng Moo
Slide 33: Gamsberg Phase 2 is Enabled by Phase 1
Gamsberg Phase 2 is Enabled by Phase 1 Phase 2 at Gamsberg increases the capacity from 4 MTPA to Phase-1 set up enables faster and capital efficient Phase-2 8 MTPA and reaches 450 KTPA metal in concentrate capacity by project execution developing a larger open pit mine, an additional 4 MTPA concentr
Slide 34: BMM – Enabling a world class Zn complex
06 BMM – Enabling a world class Zn complex Andre Trytsman - GM VEDANTA ZINC DAY AUGUST 2017 34
Slide 35: BMM Operations Step Up & Growth Opportunity
BMM Operations Step Up & Growth Opportunity BMM Operational Performance is Trending Positively… ..and can be Further Enhanced with Swartberg Phase 2 Production per year, Metal (Zn & Pb) in concentrate >100 Swartberg Deeps Includes Swartberg Mined out Phase 2, 3 area to developments Tank hill SOSS Cu
Slide 36: Skorpion - Surpassing LOM expectations
07 Skorpion - Surpassing LOM expectations Irvinne Simataa - GM VEDANTA ZINC DAY AUGUST 2017 36
Slide 37: Skorpion Zinc's Increased LOM Certainty & U/G Potential
Skorpion Zinc’s Increased LOM Certainty & U/G Potential The delivery of Pit 112 has created more certainty …With further potential at Pit 112 and the planned around SZ…. refinery conversion South North Production per year, Zn metal • Currently mined Current production 150 Skorpion orebody 150 Boreho
Slide 38: Digitalization & Technology - Driving efficient growth
08 Digitalization & Technology - Driving efficient growth Dave Payne – Head of D&T VEDANTA ZINC DAY AUGUST 2017 38
Slide 39: Enabling Growth Through Digitalisation
Enabling Growth Through Digitalisation The Digitalisation of Gamsberg is the step change in our journey and will be the springboard from which we can transform the rest of our business BMC Initiatives SZ Initiatives Gamsberg Digitalisation Roadmap Change of Mining Screening of • Increase flexibility
Slide 40: Financial outlook – The path forward
09 Financial outlook – The path forward Pushpender Singla – CFO VEDANTA ZINC DAY AUGUST 2017 40
Slide 41: ZI Outlook
ZI Outlook High value Resource Base 306Mt (22Mt Metal) to enable long term sustained Production and Growth Reserve & Resource • R&R on acquisition 286Mt. Addition of 44Mt (>15%) including depletion >300Mt Ore • Converted 63Mt Resource to Reserve (>20%) • FY2018: Production of c.160 KT @ < CoP of $ 1
Slide 42: Gamsberg video
Gamsberg video https://youtu.be/KKpDTXCszGU VEDANTA ZINC DAY AUGUST 2017 42
Slide 43: Vedanta - Zinc Day: Hindustan Zinc Limited
Vedanta - Zinc Day Hindustan Zinc Limited 30 August, 2017 VEDANTA | ZINC–LEAD–SILVER | OIL & GAS | ALUMINIUM | COPPER | IRON ORE | POWER VEDANTA ZINC DAY AUGUST 2017
Slide 44: Hindustan Zinc - Agenda
Hindustan Zinc - Agenda 01 04 Corporate Overview Resource- Amitabh Gupta, CFO Driven Growth Scott Caithness, Head Exploration 02 05 Social Responsibility – Silver – Giving Back Fastest Growing Portfolio Neelima Khetan, Head CSR Sunil Duggal, CEO 03 06 Delivering 1.2 mtpa Way Forward Sunil Duggal, CE
Slide 45: Corporate Overview
01 Corporate Overview Amitabh Gupta, CFO
Slide 46: Corporate Overview
Corporate Overview 2nd largest zinc-lead miner globally with 12 million+ MT of ore production capacity Rampura Agucha: 2nd largest zinc mine globally 4th largest zinc-lead smelter globally: 1 million+ MT of production capacity 18th largest silver producer of the world* One of the lowest cost zinc pr
Slide 47: What Differentiates Us?
What Differentiates Us? Core Strengths Among the Lowest Cost Producers of Zinc Zinc Mine Composite Costs Curve Captive mines with R&R base of 2500 1 404.4 million MT ensuring mine life of 25+ years 2250 Peer 5 2000 Peer 4 C1 Cash Cost ($/t Zn) Peer 3 1750 Peer 2 Integrated metal production Hindustan
Slide 48: Safety & Environment – Vision Zero Harm
Safety & Environment – Vision Zero Harm LTIFR Trend Water Conservation • Zero discharge Specific Water Consumption (M3 / MT of MIC) 14.56 13.78 13.70 • 33% total water requirement met from recycling/ reuse water (2017) • Water CDP 15-16 16-17 17-18 (Target) disclosure 2017 Climate Change & Energy •
Slide 49: Portfolio of Tier-1 Assets
Portfolio of Tier - 1 Assets Rampura Agucha Mine Reserves : 49.7 mn MT Resources : 50.3 mn MT Reserve Grade : Zn 13.9%, Pb 1.9% Chanderiya Smelting Complex Current Ore Capacity : 6.15 mtpa Pyrometallurgical Lead Zinc Smelter: 1,05,000 MTpa zinc and 35,000 MTpa lead Kayad Mine Hydrometallurgical Zinc
Slide 50: Strong Track Record of Growth
Strong Track Record of Growth Reserves & Resources (mn MT) – 2.5X Growth Mined Metal (kt) – 3X Growth 404 390 880 887 889 907 365 375 840 830 870 348 769 332 313 735 88 106 110 113 145 151 299 92 272 629 84 86 572 232 532 210 283 295 78 239 261 267 67 178 223 409 60 165 197 216 364 146 183 298 152 5
Slide 51: Robust Financial Performance
Robust Financial Performance EBITDA Rs. bn PAT Rs. bn Cash & Cash Equivalents* Rs. bn 90.00 400.00 Special 80.00 350.00 Dividend 70.00 payout 300.00 60.00 250.00 50.00 200.00 40.00 150.00 30.00 100.00 20.00 10.00 50.00 - - FY16 FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY
Slide 52: Cost Journey
Cost Journey Post commissioning of shafts at RA & SK mines Mined Metal & COP Trend kt 900 870 1400 835 844 830 804 800 800 1200 700 1000 600 500 137 210 800 249 345 481 400 1200 600 300 400 733 200 670 638 544 426 200 100 0 0 FY13 FY14 FY15 FY16 FY17 Target OC (kt) UG Mines (kt) Zinc COP excl royalt
Slide 53: Corporate Social Responsibility
02 Corporate Social Responsibility Neelima Khetan Head CSR
Slide 54: Corporate Social Responsibility Vision & Goals
Corporate Social Responsibility Vision To enhance the quality of life and economic well being of communities around our operations. Goals • To positively & holistically impact the quality of life of the communities living around our areas of operation. • To work in partnership through a multi-stakeh
Slide 55: Principles & Focus areas
Principles & Focus areas Core Principles Thematic Areas Neighbourhood Communities Our first and foremost commitment The Partnership Multiplier Work, as much as possible, through strong and credible local partners Impact Centric In almost everything we do, we focus on impact rather than on spends Str
Slide 56: Touching Lives of Neighbourhood Communities
Touching Lives of Neighbourhood Communities Nandghar; Khushi Anganwadi Children (0-6 Years) ‘Ajmer Dargah Complex’ – A Swachh iconic place Shiksha Sambal Culture Students Unchi Udaan HZL Mining Academy Clean Ayad river, the lifeline of Udaipur (STP) Environment Communities Rural Youth Football Acade
Slide 57: Delivering 1.2 mtpa
03 Naveen Singhal Director Projects
Slide 58: History of Project Delivery
History of Project Delivery Captive Power MW 474 MW 394 314 80 MW 80 MW Debari 234 80 MW Dariba 154 80 MW Zawar 2017 2*77 MW Chanderiya SKM 3 to 3.7 mtpa Chanderiya RAUG 1.4 mtpa SK Mill commissioned 2005 2008 2009 2010 2011 2016 SKM 2 to 3 mtpa 2013 2012 Production commenced at Pb Smelter Dariba (1
Slide 59: Mine Expansion Project Overview
Mine Expansion Project Overview Underground Mines Capacity Expansion 3.8 mtpa 17.5 mtpa 4.0 3.3 4.5 2.0 1.2 0.9 1.0 0.6 RAUG SKM Kayad Zawar RDM Pre Expansion Planned (FY 2020) OC to UG Transition UG ramp up 17.5 5 year CAGR 39% 12.1 10.5 9.3 9.4 • Mine expansions in sync with increasing R&R 17.5 3.
Slide 60: Underground Mines – concurrent expansion
Underground Mines – concurrent expansion Rampura Agucha – a mine in transition Sindesar Khurd Mine – satellite lenses Zawar – integrating multiple mines Reserve & Resource : 100.0 mn MT Reserve & Resource : 122.8 mn MT Reserve & Resource : 95.2 mn MT Balaria Mines Rajpura Dariba Mine – upgrading a l
Slide 61: Project Philosophy
Project Philosophy • LOMP, Mining schemes by AMC, Australia and reviewed by Golder, Canada • Rock Mechanics & Stability Study by AMC - Beck, Australia • Central Design Center - act as a think tank for adapting best mining design / practices Robust Mine Plan • Safety - Rescue chambers, Gas Leak Detec
Slide 62: Technology & Innovation in Mines
Technology & Innovation in Mines Technology Initiatives Mine Planning Mine Operation Cavity Monitoring Measurement Best-in-class mining System: Stope scanning 3D numerical modelling equipment identifies and minimises for stope deviation and pillar design Refuge Chamber: In-situ stress Virtual realit
Slide 63: Smelters – Equipped for 1.2 mn MT
Smelters – Equipped for 1.2 mn MT Process & Technology Smelter Debottlenecking Metal Process Technology Phase 1 : December 2017 • Cell house operation @ 200 KA from 180 KA Outokumpu roast-leach-electro Hydro Metallurgy • Upgradation of Roaster leaching circuits winning technology Zinc • Mechanisatio
Slide 64: Exploration
04 Exploration Scott Caithness Head Exploration
Slide 65: Exceptional Exploration Success
Exceptional Exploration Success Sustained Commitment to Exploration → Strong Track Record of R&R Addition Mn MT 450 10 Year R&R Trend 40 • R&R 404 MT in 2017 - 34.7 35 35.2 35.3 36.1 36.1 underpins 25+ years of 34.1 34.1 400 35 production at current rate 31.5 350 30 • R&R estimation to the JORC 27.5
Slide 66: Resource-Driven Growth
Resource-Driven Growth • All deposits remain ‘open’ either at depth or along Zawar Bonanza Silver strike • New exploration targets could exist within held MLs • Zawar in-mine bonanza silver – 2-8 metres zones grading+5oz/t Ag • New prospects in all MLs Zawar Targets • Zawar has 5 new prospects • Exp
Slide 67: Exploration Technologies
Exploration Technologies Using Global Leading Exploration Technologies • Modern drill rigs and motorised directional drilling • Drilling and geochemical data management software • 3D visualisation software packages • Geophysical techniques Ore body Drill hole High speed drill rig at Sindesar Khurd 3
Slide 68: Silver
05 Silver Sunil Duggal CEO
Slide 69: Silver – Fastest Growing Portfolio of Hindustan Zinc
Silver – Fastest Growing Portfolio of Hindustan Zinc Strong Management Focus to Drive Silver Portfolio 41% growth Zn (kt) 278% growth • adding high-grade deposits • recovery efficiencies Ag 138% growth (MT) Pb (kt) E Refined metal includies captive consumption VEDANTA ZINC DAY AUGUST 2017 69
Slide 70: Silver Portfolio – Growth
Silver Portfolio – Growth Global Production (MT) Ranking 2016 Global Production (MT) Ranking 2016 - Mines 1421 1241 1216 1244 908 873 790 681 659 566 436 270 1 2 3 4 5 18 1 2 3 4 5 15 Goldcorp KGHM Fresnillo Hindustan Glencore Polymetal Saucito Cannington Dukat Escobal KGHM Miedz Hindustan Zinc Zinc
Slide 71: Silver Portfolio – Realising Potential of 1,000 MT
Silver Portfolio – Realising Potential of 1,000 MT Refined Silver Key Focus Areas 470 MT (63%) 452 MT Mining Lead/Bulk (452 850) Lead Smelting • Focus on silver-rich deposits Concentrates ongoing • Achieving benchmarked recoveries in mines; • Prefloat, flash float May 18 748 MT (100%) 112 MT (
Slide 72: Way Forward
06 Way Forward Sunil Duggal, CEO
Slide 73: Way Forward
Way Forward Shaft and decline integration 1.5 mtpa Multi-level mining capacity Digital transformation under New prospects & tenements planning R&R addition 25+ years of mining R&R with potential of 1.2 1.2 mtpa mtpa capacity Transition to underground mining progressing by FY 2020 smoothly Shaft comm
Slide 74: Summary
Summary World’s second largest zinc- lead miner with 25+ year mine life Proven track Strong zinc record on fundamentals exploration success Achieve 1.2 mtpa MIC Integrated Impacting capacity by March 2020 operations & more than low cost 5,00,000 producer with lives through Commence next phase of
Slide 75: Thank You
ae vedanta transforming elements ss Thank Yu
Slide 76: Sample Financial Working & Sensitivity
Sample Financial Working & Sensitivity S. No. Particulars UOM Value Cost Sensitivity 1 Mined metal production kt 1,200 EBITDA 2 Metal production - Zinc kt 979 ($ mn) 3 - Lead kt 173 4 Silver production kt 750 Increase in LME 5 Realisation* - Zinc $/MT 2,950 6 - Lead $/MT 2,350 Zinc ($100/MT) 82 INPU
Slide 77: Rampura Agucha Mine
Rampura Agucha Mine Open Pit Ultimate Pit Depth : 400 metres from surface R&R 100.0 UG Mine mn MT • Planned Production Capacity : 4.5 mtpa • Fully mechanised trackless mining operation • Mining Method : LHS with paste fill Major Activities • Decline and ancillary development • Production shaft and c
Slide 78: Sindesar Khurd Mine
Sindesar Khurd Mine UG Mine • Planned Production Capacity : 6.0 mtpa R&R • Mining Method : Long hole stoping with 122.8 paste filling mn MT • Fully mechanised trackless mining operation Major Activities • Decline and ancillary development • Production shaft and crusher system • Raise boring • Paste
Slide 79: Rajpura Dariba Mines
Rajpura Dariba Mines UG Mine • Access to Mine : Through ramp and shaft • Method of Working : Blast hole stoping with hydraulic filling • Ore Hauling : Through ramp and shaft Main Shaft Auxiliary Shaft Major Activities • Ramp up to 1.5 mtpa ore production capacity Surface Ramp • Decline and ancillary
Slide 80: Zawar Mines
Zawar Mines UG Mine • Cluster of 4 mines having independent infrastructure R&R • Access to Mine : Through ramp and shaft 95.2 • Access to Mine : Through ramp and shaft mn MT • Method of Working : Blast hole open stoping • Ore hauling : Through ramp and shaft Major Activities Ramp up to 4.5 mtpa ore
Slide 81: Kayad Mine
Kayad Mine UG Mine • Shallow Ore Body R&R • Access to Mine : Through ramp 7.1 mn • Mining Method : Long hole open stoping with filling MT • Ore Hauling : By 50 T LPDT through ramp • Ore Treatment : By 50 T LPDT through ramp Major Activities • Decline and ancillary development • Raise boring • Cement