ICO on Track for Cobalt Production in Third Quarter 2022
Based on current pricing from the market for labour and materials, inflationary pressure has resulted in an updated capital cost of US$99.1 million. First ore through the mill is now planned for August 2022. The date for sustainable ore production …
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In a recent publication (SAG 2015), we presented a non-conventional HPGR-Ball mill circuit as a lower capital cost alternative to the "standard" HPGR circuit. The circuit was designed for the treatment of a hard ore and relatively high tonnage (50,000 t/d). That paper provided details such as flowsheets, layouts, and equipment lists for the ...
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The increase in grinding capacity has been achieved by relocating to the lead/zinc concentrator two ball mills which were superfluous to copper concentrator requirements now that the autogenous mills are operating there. These are 5.03 m by 6.1 m, 2,611 kW Allis Chalmers trunion overflow ball mills. ... The capital cost of the project was ...
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Estimated total capital expenditure to bring ICO into production in 2022 revised to US$99.1 million (previously US$92.6 million) construction cost, principally due …
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It has been shown, for example, that the replacement of a SAG mill with a HPGR in a conventional SAG-ball circuit may reduce grinding energy consumption by 15–20%. Taking into account additional savings, such as media and liner wear, it was found that a grinding cost saving of 25–35% was potentially achievable with the use of HPGRs in such ...
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The existing SAG mill will be retired. The fourth ball mill, a 22 ft by 38 ft mill, will be installed adjacent to the third ball mill within the existing building. With the addition of the fourth ball mill, the ball milling line will comprise four mills operating in parallel. Two identical 24 ft x 30 ft mills, and two identical 22 ft x 38 ft mills.
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Working capital, based on 2 months of operating costs, was included in the capital cost of each mine and mill model. Working capital covers the cost of meeting operating costs in the initial stages of production, before revenue is generated from the first shipments of product (concentrates or dote). This value can vary from. 2 to 6 months.
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Initial capital costs of $11.1M USD and after-tax payback in 1.0 years Development timeline of 12 months Cash operating costs of $648 /oz and AISC of $705 /oz Au, net of copper and silver credits
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As the Vertical Roller Mill (VRM) becomes more widely accepted for new cement grinding systems differences in installed costs between a VRM and …
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The indirect cost was estimated at 45% of direct capital costs and was considered to be within industry standards for the options considered. A similar approach was applied to estimate the total direct costs. It was found that both HPGR-ball mill and HPGR-stirred mill circuits have higher associated capital costs than the SABC option.