ANGLOVAAL MINING LIMITED - ANNOUNCEMENT
Anglovaal Mining Limited
Reg. No. 1933/004580/06
56 Main Street, Johannesburg, 2001, South Africa
Phone: (+27 11) 634-9111, Fax: (+27 11) 634
Chambishi Metals remains positive in light of set-back
Johannesburg, Tuesday, 15 May 2001: Chambishi Metals, Anglovaal
Mining's (Avmin) Zambian-based cobalt and copper producer, recently
commenced commissioning of its new US$100 million slag processing
facility. Avmin's Senior VP Cobalt and Copper, Gerry Robbertze said,
"on
5 February 2001 the plant poured its first alloy from the new furnace,
which was handed over by the contractors in January 2001 and, with the
usual commissioning snags, the leach plant had received its first alloy
by late April 2001." The leach plant is the final section of the new
plant from where material is then passed into Chambishi Metals'
existing, but now expanded, cobalt refinery.
"However", continued Robbertze, "a water pipe leak in the furnace area
was discovered on Saturday, 5 May 2001 and hydration on some of the
refractory bricks led to a furnace shut-down for inspection. The
assessment is that no structural damage exists, but a partial re-lining
of the furnace refractories will be required. The team at the plant is
in the process of implementing this plan of action."
The effect is that Chambishi Metals' cobalt metal from slag is now
expected during the third quarter of 2001, while ramp-up to full
production will be achieved by December this year.
Production from the toll refining facility has not been affected, which
is operating at capacity.
Chambishi Metals and its agents are in discussions with customers.
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